Issue - meetings

Finance Update Report 2019/20

Meeting: 11/02/2020 - Corporate Overview and Scrutiny Committee (Item 146)

146 Finance Update Report 2019/20 pdf icon PDF 463 KB

To consider the Council’s financial position

Additional documents:

Minutes:

The Chief Finance Officer presented a report updating Members on the Council’s forecast 2019/20 financial position as at the end of November 2019. 

 

It was reported that the overall position taking account of the projections currently being forecast by services as at the end of November 2019 was a breakeven position, which included a contribution from the Equalisation Reserve for the pooled fund pressures and an expected refund from Greater Manchester Combined Authority.

 

Members sought clarification on plans to address the forecasting pressures of £6.977m in Children's Services, predominantly due to External Residential Placements and SEND pressures.  It was reported £2.951m was attributable to external residential placements, with the 2018/19 growth in cared for children continuing to be cared for in 2019/20.  Of the £4.292m within High Needs, £0.262m was the pressure on Council funded areas and the remaining £4.030m was related to a pressure on the Dedicated School Grant (DSG). The pressures were in relation to a continued rise in numbers of children with education health care plans and children requiring SEND support. The growth in numbers was not unique to Rochdale, this was a national trend with the majority of local authorities facing pressures on their High Needs DSG. The allocation from the DSG reserve would leave a deficit position and the Council will be required to submit a 3 year recovery plan to the Department for Education at the end of the financial year to bring the reserve back into a surplus position.

 

RESOLVED

That the report be noted.


Meeting: 28/01/2020 - Cabinet (Item 65)

65 Finance Update Report 2019/20 pdf icon PDF 463 KB

To consider the Finance Update Report 2019/20.

Additional documents:

Minutes:

The Cabinet considered a report of the Chief Finance Officer which presented the Council’s forecast 2019/20 financial position as at the end of November 2019.

 

RESOLVED

 

1)    That the forecast 2019/20 budget positions for Revenue, Savings and Capital as at the end of November 2019 be noted.

 

2)    That the Revenue Budget Pressure Fund requests for 2019/20 totalling £0.145m be approved.

 

3)    That the net Capital re-phasing of £15.846m be noted.

 

4)    That the Capital funding switch detailed in 4.4.3 of the report be noted.

 

5)    That the Capital budget increase of £0.614m in 4.4.4 of the report be noted.

 

6)    That the Capital budget return of £0.050m in 4.4.5 of the report be noted.