PAPER B
Purpose: for Decision
Meeting
: REPORT TO CABINET
Date :
Title : QUARTERLY FINANCIAL AND PERFORMANCE –
QUARTER ENDED
REPORT
OF THE LEADER OF THE COUNCIL
IMPLEMENTATION
DATE:
PURPOSE
1.
For members
to consider the Council’s performance during the third quarter of 2006/07 (the quarter
ended
OVERVIEW OF QUARTERLY PERFORMANCE
REVENUE BUDGET
2.
There has been a continuing focus of
attention in the third quarter to ensure that the revenue budget is under
control, building on the earlier success of identifying and centralising the
control of individual service contingency budgets and reserves.
3.
At the end of the previous quarter
the projected overspend had been reduced from over £6 millions to just
£401,000. By the end of the third quarter the net overspend has been reduced to
a net £138,000, representing a significant achievement in financial
performance. An updated position will be available to report verbally when the
Cabinet meets.
4.
An analysis by
CAPITAL
BUDGET
5.
Details of the capital programme are
also shown in Appendix
1. The second quarter report highlighted that there was significant slippage
capital spending when compared to the budget. After reflecting a more realistic
profile of capital spending (by moving nearly £8 millions into 2007/08) the
position at the end of the third quarter is that slippage is now forecast to be
around £970k, representing a marked improvement. Slippage does have the effect
of ‘masking’ the true over – commitment of capital funding, which at the end of
the third quarter is calculated at £533k.
The latter will be offset by increased capital receipt generation or
cost reduction.
6.
During the previous quarter, attention
was given to identify those critical
7.
indicators that provide a clear
indication of the ‘health’ of each Council service. These indicators have now been refined and
the Council is showing a marked improvement in its ability to produce the data
required. This represents a significant shift in the Council’s performance
culture, aided by the continuing refinement of the performance management system.
8.
Performance against these indicators
to the end of December 2006 is shown by
9.
Members will note that there are
other improvements to the format of the report compared to that for Quarter 2 –
intended to facilitate interpretation of the data. The report now includes
columns for ‘Frequency’ (of data
collection or reporting), ‘Aim’ (ie
intentional course of direction), ‘Trend’
(the direction of the indicator since the last month), a ‘Year end target’ and a ‘Year
end forecast’ against that target, and finally a ‘Commentary’ on each indicator to aid understanding.
REVIEW
BY THE AUDIT & PERFORMANCE COMMITTEE
10. The Audit and Performance Committee now plays a key
role in the process of reviewing performance. It is now given an opportunity to
examine performance before this report is provided to the Cabinet. The
Committee reviewed the third quarter’s performance when it met on 13 February.
It made the following resolutions:
11. Members are asked to consider the
resolutions of the Audit & Performance Committee when examining Appendixes
1 and 2.
STRATEGIC
CONTEXT
12. The Council’s objective of being high performing and
cost effective will be better delivered through the introduction of an effective
performance management system.
13. Performance management was highlighted as one of the
Council’s areas for improvement in last year’s Comprehensive Performance
Assessment. It is also an important
component of the Direction of Travel judgement made by the District Auditor in
his annual Audit & Inspection Letter.
CONSULTATION
14. The Council’s performance management system involves
the examination of performance at monthly service boards. As such, senior
management are involved in discussions about performance on a routine basis.
15. As reported above, the Audit & Performance
Committee now has the opportunity to review performance and can make its
recommendations before Cabinet meets.
FINANCIAL/BUDGET
MPLICATIONS
16. There are no direct financial implications arising
from this report.
LEGAL
IMPLICATIONS
17. The Council has a statutory requirement under the
terms of the Local Government Act 1999 to achieve the Best Value in the delivery
of its services. The performance of a
service against expectations forms a key component of the test of Best Value.
OPTIONS
1.
Note the
performance of the Council as at the end of Quarter 3.
2.
Consider the
resolutions of the Audit & Performance Committee of 13 February.
3.
Identify
specific areas of performance requiring further explanation by the responsible
Cabinet Member.
18. There are no direct risk implications arising
from this report.
RECOMMENDATIONS That the Cabinet: 1. Note the performance of the Council as at the end of Quarter 2. 2.
Consider
the resolutions of the Audit & Performance Committee of 13 February. 3.
Identify
specific areas of performance requiring further explanation by the
responsible Cabinet Member. |
BACKGROUND PAPERS
Audit Commission, (August 2006), CPA Corporate Assessment.
Quarterly Financial & Performance Management (Quarter ended
APPENDIXES ATTACHED
Appendix 1 -
Financial Management Report for Quarter 3 (to 31 December 2006)
Appendix
2 - Performance Management of Key Indicators for Quarter 3 (to 31 December
2006)
Contact Point: Bob Streets, Programme Lead for Compliance, tel: (82)3622,
email : [email protected]
STEVE BEYNON Director of Children’s Services |
COUNCILLOR ANDREW SUTTON Leader of the Council |