Consideration was given to a report of the Cabinet Member for Children’s Services and Education / Director of Children’s Services that provided a forecast for 2023/24 of the financial position and detailed issues impacting the Children’s Service directorate.

Resolved - That the financial and related service data, and plans for the remainder of 2023/24 and the medium term be noted.

Reason for decision

To update Cabinet on the financial position of the directorate as effective budget management was critical to ensuring financial resources were spent in line with the budget, and were targeted towards the Council’s priorities.

Alternatives considered

Not to consider the Children’s Services Q2 2023/24 Revenue Monitoring Update – this option was not recommended as financial reporting ensured the Council complied with CIPFA’s Financial Management Code and its standards for management of financial resources in the short, medium and long term.  Management of financial resilience to meet unforeseen demands on services, and management of unexpected shocks within financial circumstances.