Issue - meetings
2nd Quarter Performance, Financial and Procurement Review 2018/19
Meeting: 06/12/2018 - The Executive (Item 35)
35 Second Quarter Performance, Financial and Procurement Review 2018/19 
PDF 90 KB
Additional documents:
Minutes:
The purpose of the report was to inform members of the Council’s overall performance and financial position for the period ended 30th September (“First Quarter 2018/19”) The report was considered by the Corporate Select Committee on 26 November 2018. The position was summarised as follows:
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Subject |
Headline |
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Finance |
The Finance headlines were: Performance against Budget · The General Fund budget for 2018/19 was projected to be underspent by £618,780 at the quarter 2 stage. Efficiency Programme · The general fund efficiency target of £581,000 (General Fund) was expected to be achieved – with £345,650 achieved to date. The HRA 2018/19 efficiency target of £245,000 had already been achieved. Housing Revenue Account · The Housing Revenue Account was projected to be in surplus (against budget) by £219,055. Capital Programme · The Capital Programme budget for 2018/19 as revised was £7.38 million. The outturn was anticipated to be £1.27 million underspend as a result of reprofiling the works set out in the Asset Management Plan. · The HRA Capital Programme for 2018/19 as revised was £4.07 million. The outturn was anticipated to be on target at this stage. Treasury Management · Cash investments held at 30th September 2018 totalled £20.6 million. · Council borrowing at 30th September 2018 totalled £71.8 million. · The Council’s net interest receipts general fund budget was marginally underspent by £16,340 with a £27,870 underspend on the HRA Revenue Collection · 57.1% of Council Tax was collected by 30th September 2018, compared to 57.4% for the same period last year. · 60.3% of Business Rates was collected by 30th June 2018 compared with 58.6% for the same period last year |
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Procurement |
The Procurement headlines were: · 25 procurement activities were completed · At the 30th September 2018, 56% of procurement activity undertaken was on the forward plan and the Council paid 97% of its invoices within 30 days |
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Performance |
The Performance headlines were: · Performance was on track in respect 65% of the key indicators · Of the 22 Priority Actions within the Corporate Plan, two were awaiting a decision, and the remainder being classified as ‘Green’; and · The Council received 120 complaints, 169 comments and 67 compliments in the Second Quarter. Repeat complaints and response times both on track
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Options considered:
Detailed analysis was contained within the appendices to the report.
RESOLVED:
That the second quarter 2018/19 financial, procurement and performance position detailed in Appendices A, B and C and summarised at 3.3 of the covering report be noted.
Meeting: 26/11/2018 - Corporate Select Committee (Item 30)
30 2nd Quarter Performance, Financial and Procurement Review 2018/19 PDF 90 KB
Additional documents:
Minutes:
The Committee considered the Council’s performance and financial position for the period ending 30 September 2018 (“First Quarter 2018/19).
A summary of the position was set out at paragraph 3.3 of the report, and particular reference was made to the projected surplus which was largely attributable to increased retention income forecast as being a member of the Derbyshire 100% Business Rates pilot in 2018/19. A potential shortfall in the efficiency strategy was forecast which was being addressed and a surplus on the HRA would be rolled forward. The development of the procurement function was highlighted as an important area of council activity delivered with professionalism. New performance indicators around homelessness would be developed in the light of new legislative requirements.
Clarification was requested around the details of the Fairfield Gateway Improvements Programme included as part of the procurement activity completed. Reference was also made to dwellings rents and business rates.
RESOLVED:
That the Executive be recommended to note the second quarter 2018/19 financial, procurement and performance position as detailed in appendices A, B and C and summarised at 3.3 of the covering report.