Issue - meetings

[To provide an integrated finance and performance update against Our City: Our Plan priorities]

1.      That the establishment of supplementary expenditure budgets for 2022-2023 as detailed in section 7.0 of the report be approved.

2.      That the use of £6,089 from the Schools Arts Service Reserve as detailed in paragraph 8.4 of the report and the establishment of associated supplementary budgets be approved.

3.      That the use of £1.2 million from the Budget Contingency Reserve as detailed in paragraphs 8.5, 8.6 and 8.7 of the report and the establishment of associated supplementary budgets be approved.

4.      That the use of £120,000 from the Budget Efficiency Reserve as detailed in paragraph 8.8 of the report and the establishment of associated supplementary budgets be approved.

5.      That the use of £100,000 from the Regional Adoption Agency Reserve as detailed in paragraph 8.9 of the report and the establishment of associated supplementary budgets be approved.

6.      That the use of £200,000 from the Transformation Reserve as detailed in paragraph 8.10 of the report and the establishment of associated supplementary budgets be approved.

7.      That the use of £721,000 from the Regeneration Reserve as detailed in paragraph 8.11 of the report and the establishment of associated supplementary budgets be approved.

8.      That the write-off of one Council Tax debts totalling £7,005.66 as detailed in Appendix 8 to the report be approved.

9.      That the 29 virements totalling £14.4 million, for transfers within directorates, as detailed in Appendix 9 to the report be approved.

10.   That authority be delegated to the Cabinet Member for Resources and Digital City and the responsible Cabinet Member of the relevant service area in question, in consultation with the Director of Finance and the relevant Director to allocate budgets from the Corporate Contingency to support Council Priorities and Growth, once business cases have been completed.

11.   That it be noted that the General Fund projected outturn for 2022-2023 is currently forecast to be an overspend of £5.4 million due to the forecast impact of the proposed pay award for 2022-2023 as detailed in section 4 of the report.

12.   That it be noted that forecast outturn position for the year for the Housing Revenue Account (HRA) shows a pressure against the approved budget of £354,000, as shown at Table 2 and in detail at Appendix 5 to the report. This would result in a forecast redemption of debt.

13.   That it be noted that 552 council tax accounts totalling £401,879.89, as detailed in Appendix 7 to the report, have been approved for write-off by the Director of Finance in accordance with the Council’s Financial Procedure Rules.

14.   That it be noted that 56 Non-Domestic Rates (NDR) debts totalling £178,017.01, as detailed in Appendix 7 to the report, have been approved for write-off by the Director of Finance in accordance with the Council’s Financial Procedure Rules.

15.   That it be noted that 12 housing benefit overpayments totalling £4,286.96 as detailed in paragraph 11.2 and Appendix 7 to the report, have been approved for write-off by the Director of Finance in accordance with the  ...  view the full decision text for item 4

Councillor Obaida Ahmed presented the salient points from the report on an integrated finance and performance update against the Our City: Our Plan priorities. It was the first report of the financial year detailing the likely budget outturn projection for 2022/2023. Some of the points highlighted were, the Council had strengthened the links between performance and budget which would ensure that it was robustly monitoring delivery of the Council’s priorities and doing the best it could with the resources it had. Of the 61 key performance indicators in the Our City: Our Plan performance framework, almost 70% showed improved or sustained performance in quarter one; 13% were unavailable due to data not being released at this time; and 19% showed a downturn in performance. Where Wolverhampton is in one of the highest quartiles of national performance, the Council was sustaining strong levels of performance and where performance was in the lowest quartiles two thirds of indicators are improving with improvement actions set out for the others. On the budget, overall the General Fund was currently forecasting an overspend of £5.4 million.  This was mainly due to the forecast in year cost implications of the potential pay award, which was currently out for consultation. The Council would continue to work to identify in year efficiencies in order to mitigate the pay award costs and other inflationary pressures being seen across the Council.  However, if the forecasted impact of the pay award was excluded, an under spend in the region of £700,000 was currently being forecast. In relation to the Housing Revenue Account, it was forecasting a pressure against the approved budget of £354,000.

Cabinet members welcomed the report and highlighted some of the areas of strong performance across the six overarching priorities within Our City: Our Plan during quarter one of 2022/2023.

Resolved:

1.    That the establishment of supplementary expenditure budgets for 2022-2023 as detailed in section 7.0 of the report be approved.

2.    That the use of £6,089 from the Schools Arts Service Reserve as detailed in paragraph 8.4 of the report and the establishment of associated supplementary budgets be approved.

3.    That the use of £1.2 million from the Budget Contingency Reserve as detailed in paragraphs 8.5, 8.6 and 8.7 of the report and the establishment of associated supplementary budgets be approved.

4.    That the use of £120,000 from the Budget Efficiency Reserve as detailed in paragraph 8.8 of the report and the establishment of associated supplementary budgets be approved.

5.    That the use of £100,000 from the Regional Adoption Agency Reserve as detailed in paragraph 8.9 of the report and the establishment of associated supplementary budgets be approved.

6.    That the use of £200,000 from the Transformation Reserve as detailed in paragraph 8.10 of the report and the establishment of associated supplementary budgets be approved.

7.    That the use of £721,000 from the Regeneration Reserve as detailed in paragraph 8.11 of the report and the establishment of associated supplementary budgets be approved.

8.    That the write-off of  ...  view the full minutes text for item 4