Issue - meetings

The Cabinet Member for Finance, Performance and Core Services presented a report on the Council’s revenue budget monitoring position for the 2019/20 financial year as at 30 November 2019 (Month 8).

The General Fund showed a projected end of year overspend of £8.318m against the budget of £148.82m, which represented an increase in the projected overspend of £0.755m on the position at Month 7 once other movements were taken into account.  The Cabinet Member referred to the key pressures in the Looked After Children service in the current year, which amounted to over £5m, and advised on the intention to increase the base budget for Care and Support services by circa £10m for 2020/21 to mitigate the ongoing demand pressures. 

Cabinet resolved to:

(i)  Note the projected revenue outturn for Council services as set out in sections 2 to 11 and Appendix A to the report; and

(ii)   Note the implications for the reserves position and the need to identify in-year action in relation to General Fund expenditure.