Issue - meetings

Report FSD19039

The Executive considered the third budget monitoring report for 2018/19 on expenditure and activity levels up to the end of December 2018. The report also highlighted significant variations which would impact on future years as well as early warnings that could impact on the final year end position.

Supplementary information had been circulated in support of two additional recommendations - to recommend to Council that an additional £1.1m (total £2m) of Bromley CCG funding be set aside to support health and social care as an earmarked reserve, and that £57,742 be set aside for High Street Clean up and £57,745 for a Parks Improvement Fund as an earmarked reserve to fund these initiatives following the announcement of one-off Government funding. 

The report had been scrutinised by the Executive, Resources and Contracts PDS Committee at its meeting on 19^th March 2019, and the Committee had supported the recommendations. 

RESOLVED that

(1) The latest financial position be noted.

(2) It is noted that a projected net overspend on services of £648k is forecast based on information as at December 2018.

(3) The comments from Chief Officers detailed in appendix 2 to the report be noted.

(4) The projected variation of £221k credit from investment income as detailed in sections 3.5 and 3.6 of the report, be noted.

(5) The projected variation of £826k in the central contingency, as detailed in section 3.2 of the report, be noted.

(6) The projected increase to the General Fund balance of £1,096k as detailed in section  3.3 of the report be noted.

(7) The release of £376k from the 2018/19 Central Contingency relating to additional savings and income from the Amey contract as detailed in paragraph 3.2.3 of the report be agreed.

(8) The release of £200k for the staff merit award from the 2018/19 Central Contingency to an earmarked reserve as detailed in paragraph 3.2.3 of the report be agreed.

(9) The release of £200k for Civic Centre improvements from the 2018/19 Central Contingency to an earmarked reserve as detailed in paragraph 3.2.4 of the report.

(10) The release of £500k for the Transformation programme from the 2018/19 Central Contingency to an earmarked reserve as detailed in paragraph 3.2.5 of the report be agreed.

(11) The return to contingency of £227k of additional grant to the 2018/19 Central Contingency as detailed in paragraph 3.2.6 of the report.

(12) The return to contingency of £500k of grant to the 2018/19 Central Contingency and the recommended use of this grant as detailed in paragraph 3.2.7 of the report.

(13) £187k of the Social Care grant for the implementation of Pre-paid cards in 2019/20 be set aside as detailed in paragraph 3.2.8 of the report.

(14)  The release of £744k Adult Social Care grant income from the 2018/19 Central Contingency as detailed in paragraph 3.2.9 of the report be noted.

(15) The release of £1,190k for Social Care Investment to ease NHS Winter pressures from the 2018/19 Central Contingency as detailed in paragraph 3.2.10 of  ...  view the full minutes text for item 129