Agenda item

2018-19 Q1 Position Statement: Performance, Finance and Risk

Decision:

Having reviewed the provisional forecast outturn position and key performance exceptions (as identified by Corporate Management Team on 8 August 2018), and risk issues contained in the report from the Head of Finance and appendices B-E attached thereto, determined, where appropriate, any actions, including redeployment of resources, required to address issues identified, and having noted the Strategic Risk Register at Appendix F, Cabinet  Approved the suite of Key Performance Indicators, previously agreed by Executive Management Team, attached at Appendix A.

 

Minutes:

Cabinet considered a report containing a budget forecast based on the Quarter 1 position with regard to its General Fund, Housing Revenue Account (HRA) and Capital budgets, and the Quarter 1 performance indicator results (by exception as agreed by Executive Management Team on 18 July 2018) and strategic risks. It had been accepted that such Integrated reporting gave Officers and Members the opportunity to examine any areas of concern and decide on appropriate action.

 

Councillor Grenville Chamberlain, Chairman of the Scrutiny and Overview Committee, noted some variance etween the report before Cabinet and the report that had been presented to his Committee.

 

Cabinet noted that the Quarter 1 position had been inherited from the previous Administration. Councillor John Williams said that Quarter 2 would be presented differently, with a simplified Risk Register, reflecting new corporate priorities. The Executive Director explained further that, while officers would continue to receive detailed information, sharing it where appropriate with relevant Lead Cabinet Members, the intention was to report publicly by exception only.

 

The Executive Director summarised the circumstances in which the Accounts had been signed off late.

 

Councillor Peter Topping asked Cabinet to keep Members updated about changes in the Risk Register and pointed out a few issues needing to be addressed in the light of recent staff changes.

 

Those present discussed briefly the need for the novation of an agreement following the Cambridge and Peterborough Combined Authority assuming functions previously performed by the Local Enterprise Partnership.

 

Having reviewed the provisional forecast outturn position and key performance exceptions (as identified by Corporate Management Team on 8 August 2018), and risk issues contained in the report from the Head of Finance and appendices B-E attached thereto, determined, where appropriate, any actions, including redeployment of resources, required to address issues identified, and having noted the Strategic Risk Register at Appendix F,

 

Cabinet

 

Approved the suite of Key Performance Indicators, previously agreed by Executive Management Team, attached at Appendix A.

 

Supporting documents: