45 Third Quarter (Provisional Outturn) Financial, Procurement & Performance Review 2018/19 PDF 89 KB
The purpose of the report was to inform members of the Council’s overall performance and financial position for the period ended 31st December (“Third Quarter 2018/19”). The report was considered by the Corporate Select Committee on 11 May 2019.The position was summarised as follows:
The finance headlines for the third quarter were:
Performance against Budget
· The General Fund budget for 2018/19 was projected to be underspent by £688,600 at the quarter 3 stage
· There was a potential shortfall projected against the general fund efficiency target of £581,000 (General Fund) – with £408,250 achieved to date. Any shortfall was expected to be offset by staff vacancy/corporate savings. The HRA 2018/19 efficiency target of £245,000 had been achieved through the reduction in minimum revenue provision when setting the MTFP.
Housing Revenue Account
· The Housing Revenue Account was projected to be in surplus (against budget) by £1,024,070
· The Capital Programme budget for 2018/19 as revised was £7.88 million. The outturn was anticipated to be a £3.26 million underspend as a result of re-profiling the Asset Management Plan.
· The HRA Capital Programme for 2018/19 as revised was £4.07 million. The outturn was anticipated to be a £0.68 million underspend.
· Cash investments held at 31st December 2018 totalled £22.9 million.
· Council borrowing at 31st December 2018 totalled £66.8 million.
· The Council’s net interest receipts general fund budget was marginally overachieved by £16,990 with a £32,360 surplus on the HRA
· 84.9% of Council Tax was collected by 31st December 2018, compared to 85.2% for the same period last year.
· 83.2% of Business Rates was collected by 31st December 2018 compared with 81.9% for the same period last year (due to payment in full received on one account in 2018/19)
The procurement headlines for the third quarter were:
· 18 procurement activities were completed
· At the 31st December 2018, 62% of procurement activity undertaken was on the forward plan and the Council paid 96% of its invoices within 30 days
The performance headlines for the third quarter were:
· Performance in respect of 70% of the key performance indicators were on track
· Of the 22 Priority Actions within the Corporate Plan, two were completed, two were awaiting a decision, and the remainder were classified as ‘Green’; and
· The Council received 167 complaints, 214 comments and 121 compliments in the Second Quarter. Repeat complaints and response times both on track
Detailed analysis was contained within the appendices to the report.
That the Third 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.
37 Third Quarter (Provisional Outturn) Financial, Procurement & Performance Review 2018/19 PDF 89 KB
The Committee considered the Council’s overall performance and financial position for the period ended 31 December (‘Third Quarter 2018/19”). The key issues were outlined in paragraph 3.3 of the report.
Regarding fleet management, it was confirmed that maintenance of the fleet would be undertaken by AES. With reference to electrical works, it was confirmed that as the project did not start until mid year, the outstanding checks would be undertaken during 2019/20. Reference was made to the delivery of the channel shift programme and the development of a new IT strategy, where the potential for member involvement in the process was discussed.
That the Executive be recommended to note the Third Quarter 2018/19 financial, procurement and performance position as detailed in appendices A, B and C as summarised at paragraph 3.3 of the covering report.