Agenda item

Review of Financial Performance 2016/17

Minutes:

A report by the Executive Director Finance and Public Protection had been circulated.

 

It was proposed, seconded and agreed that the Council Procedure Rules be temporarily suspended to allow for one debate to take place.

 

It was moved and seconded that

 

The County Council be recommended to:

 

1.    Note the carry forwards set out in paragraph 1.2 and 1.3 of the report, which were made in line with the Council's Financial Regulations, and approve the Information and Commissioning underspend up to 1% not being carried forward as part of the Information and Commissioning budgets but instead added to the underspends above 1% for the purposes of recommendation 2 below;

 

2.    Approve the proposed use of carry forwards of over and under spending in excess of 1% as set out in paragraph 1.4 of the report;

 

3.    Note the transfers to and from reserves summarised in Table A of this report and the position of earmarked reserves as at 31 March 2016 summarised in Table B of the report;

 

4.    Note the position in relation to general reserves set out in paragraph 1.8 and Table C of this report; and

 

5.    Note performance against the Prudential Indicators for 2015/16 as set out in paragraphs 1.10 to 1.11 and Table D of the report.

 

An amendment by the Labour Group was moved and seconded as follows:

 

Summary: To amend the amount recommended to be transferred to the Financial Volatility Reserve by £3.5 million and instead to use that funding to create a

·         a Household Waste Recycling Centres reserve - £0.5m

·         a Adult Care Services Cost Pressures Reserve - £1.5m

·         a Children's Services Cost Pressures Reserve - £1.5m

 

Page 96 – Recommendation 3 – add the words 'as amended' after both Table A and Table B.

 

Page 71 – 1.4 – first bullet point, first sentence - amend year end transfer to £9.675m from £13.175m.

 

Page 71 – 1.4 – fourth bullet point – add three new reserves as follows:

 

Household Waste Recycling Centres reserve - £0.5m

 

Adult Care Services Cost Pressures Reserve - £1.5m

 

Children's Services Cost Pressures Reserve - £1.5m

 

Page 72 – Table A – Other Earmarked Reserves block – add the three new reserves as follows:

 

Household Waste Recycling Centres reserve - £500,000

 

Adult Care Services Cost Pressures Reserve - £1,500,000

 

Children's Services Cost Pressures Reserve - £1,500,000

 

Page 72 – Table A – amend the figure in the Financial Volatility Reserve line from £8,011,183 to £4,511,183.

 

Page 73 – Table B – Earmarked Reserves block – add the three new reserves as follows:

 

Household Waste Recycling Centres reserve - £500,000

 

Adult Care Services Cost Pressures Reserve - £1,500,000

 

Children's Services Cost Pressures Reserve - £1,500,000

 

Page 73 – Table B – amend the Financial Volatility Reserve line from £23.623m to £20.123m.

 

A request for a recorded vote on the amendment was successful, and upon being put to the vote, the amendment was lost.

 

Details of recorded vote taken:

 

Those voting for the amendment:

 

K J Clarke, P M Dilks, S R Dodds, G J Ellis, J D Hough, N I Jackson, A J Jesson, T Keywood-Wainwright, R C Kirk, D C Morgan, N M Murray, Mrs M J Overton MBE, S L W Palmer, R B Parker, Mrs H N J Powell, Mrs J M Renshaw and R A Renshaw.

 

Those voting FOR – 17

 

Those voting against the amendment:

 

M G Allan, W J Aron, A M Austin, Mrs V C Ayling, Mrs P A Bradwell, D Brailsford, A Bridges, Mrs J Brockway, M Brookes, C J Davie, R G Davies, I G Fleetwood, A G Hagues, M J Hill OBE, D C Hoyes MBE, D M Hunter-Clarke, R J Hunter-Clarke, M S Jones, B W Keimach, S F Kinch, C E D Mair, J R Marriott, R A H McAuley, D McNally, Mrs A M Newton, P J O'Connor, C R Oxby, C pain, N H Pepper, R J Phillips, Mrs S Ransome, Mrs S Rawlins, R A Shore, Mrs N J Smith, Mrs E J Sneath, C L Strange, Mrs C A Talbot, T M Trollope-Bellew, A H Turner MBE JP, S M Tweedale, W S Webb, M A Whittington, P Wood, Mrs S Woolley, L Wootten, R Wootten, C N Worth, Mrs S Wray and B Young.

 

Those voting AGAINST – 49

 

Those voting ABSTAIN – 0

 

A vote was taken on the original motion, and upon being put to the vote, the motion was carried and it was

 

RESOLVED

 

That the County Council:

 

1.    Note the carry forwards set out in paragraph 1.2 and 1.3 of the report, which were made in line with the Council's Financial Regulations, and approve the Information and Commissioning underspend up to 1% not being carried forward as part of the Information and Commissioning budgets but instead added to the underspends above 1% for the purposes of recommendation 2 below;

 

2.    Approve the proposed use of carry forwards of over and under spending in excess of 1% as set out in paragraph 1.4 of the report;

 

3.    Note the transfers to and from reserves summarised in Table A of this report and the position of earmarked reserves as at 31 March 2016 summarised in Table B of the report;

 

4.    Note the position in relation to general reserves set out in paragraph 1.8 and Table C of this report; and

 

5.    Note performance against the Prudential Indicators for 2015/16 as set out in paragraphs 1.10 to 1.11 and Table D of the report.

 

Supporting documents:

 

 
 
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Original Text: