Decision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
To inform Cabinet, and the Corporate Overview
and Scrutiny Committee, of the Children’s Services current
forecast 2023/24 financial position, detail of issues that are
impacting on the directorate, and an update on the recovery
The report contains detail of:
• Q1, 2023/24 financial position
• Q2, 2023/24 financial position
• 2023/24 recovery plan
• Medium term recovery plan
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.
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.
Report author: Samantha Smith
Publication date: 29/11/2023
Date of decision: 28/11/2023
Decided at meeting: 28/11/2023 - Cabinet
Effective from: 07/12/2023