Issue - meetings

Health & Social Care Pool Budget Risk Share Agreement 2020/21

Meeting: 26/05/2020 - Cabinet (Item 7)

7 Health & Social Care Pool Budget Risk Share Agreement 2020/21 pdf icon PDF 162 KB

To consider the attached report of the Chief Finance Officer

Minutes:

Consideration was given to a report of the Chief Finance Officer proposing changes to the Health & Social Care Pool Budget Risk share agreement for 2020/21, taking into account the expected financial impact of Covid 19, recommending that both partners are responsible for their own pooled fund gap in 2020/21, noting this is a time limited proposal and a risk sharing approach will be implemented for 2021/22.

 

Alternatives considered

To continue with the existing risk share agreement would not be prudent as both organisations are facing significant pressures as a result of Covid 19, with access to separate funding support schemes from the Government.  Agreeing that each partner would be responsible for their own share of the pool gap and overspend would allow for greater transparency in understanding the full impact on each organisation of Covid 19,

 

RESOLVED

That Cabinet approves that the Health & Social Care Pool budget risk share agreement is changed for 2020/21 so that both partners are responsible for their own pooled fund gap and in year underspend or overspend.

 

Reason for resolution

Due to a high level of uncertainty around what the financial impact the Covid 19 pandemic will be on both the Council and Clinical Commissioning Group, along with the continued pressures arising from the Health & Social Care pool fund, including an overspend within Children’s Services, it was considered prudent for both partners to be responsible for their own pool gap and in year underspend or overspend for 2020/21.