Issue - meetings

Quarter 3 3017/2018 Performance, Risk and Budget Monitoring

Meeting: 12/03/2018 - Cabinet (Item 80)

80 Quarter 3 3017/2018 Performance, Risk and Budget Monitoring pdf icon PDF 257 KB

Report of Executive Director of Finance and Governance and Director of Customers and Service Development

 

Purpose of report

 

This report summarises the Council’s Performance, Budget and Risk monitoring position as at the end of the third quarter of the financial year 2017-18 with relevant projections for the full year.

 

Recommendations

            

The meeting is recommended:

 

 1.1        To note the projected revenue, capital and reserves position at December 2017.

           

1.2      To note the performance position at the end of the third quarter.

 

            To note the revised risk register.

Additional documents:

Decision:

Resolved

 

(1)          That the projected revenue, capital and reserves position at December 2017 be noted.

 

(2)          That the performance position at the end of the third quarter be noted.

 

(3)          That the revised risk register be noted.

 

Minutes:

The Executive Director of Finance and Governance and Director of Customers and Service Development submitted a report which summarised the Council’s Performance, Budget and Risk monitoring position as at the end of the third quarter of the financial year 2017-18 with relevant projections for the full year.

 

Resolved

 

(1)          That the projected revenue, capital and reserves position at December 2017 be noted.

 

(2)          That the performance position at the end of the third quarter be noted.

 

(3)          That the revised risk register be noted.

 

Reasons

 

In line with good practice, budget monitoring is undertaken on a monthly basis within the Council. The revenue, capital and reserves position is formulated in conjunction with the senior leadership team, budget managers and reported formally to the Budget and Financial Strategy Committee on a quarterly basis. The report is then considered by the Cabinet.

 

This report illustrates the year to date position (at the end of quarter three), in terms of the Council’s business plan and key measures, its performance framework.

 

The Council’s Cabinet leads on the review of risk and oversees the delivery of the risk strategy; risks are also reviewed by the Audit Committee and are used to shape and inform the Council’s internal audit plan.

 

Alternative options

 

Option 1: This report illustrates the Council’s performance against the 2017-18 Financial Targets for Revenue and Capital and sets out the Council’s position on Reserves, performance and strategic risk. As this is a monitoring report, no further options have been considered. However, members may wish to request that officers provide additional information.