Resourcing Better Outcomes - Financial Performance Report for September (Period 6)
Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: No
The Cabinet considered a report of the Executive Director (Finance and Resources) reviewing the Council’s financial performance.
Reasons for decisions:
The regular reporting of Revenue and Capital Budget Monitoring information provides detailed financial information to Councillors, senior officers and other interested parties on the financial performance of the Council. It sets out the key variances being reported by budget holders and the associated management action being implemented to address any identified issues. It also informs decision making to ensure that the Council’s priorities are delivered within the approved budget provision.
The Council could choose to monitor its budgetary performance against an alternative timeframe but it is considered that the current reporting schedule provides the appropriate balance to allow strategic oversight of the budget by Councillors and to also formally manage the Council’s exposure to financial risk.
Note: This is a Council Function
Eligible for call-in to: Policy and Resources Committee
Executive Members: Cllrs Gilbert and Collins
Report author: Joe Chesterton
Publication date: 05/11/2021
Date of decision: 02/11/2021
Decided at meeting: 02/11/2021 - Cabinet