Decision details

Section 151 of the 1972 Local Government Act requires the Chief Financial Officer to ensure the proper administration of the council’s financial affairs. Budgetary control, which includes the regular monitoring and reporting of budgets is an essential element in discharging this statutory responsibility. The recommended treatment of the year end variances supports the financial sustainability of the council.

At the Children’s Services and Education Scrutiny Board on Monday 9 January 2023 the Board agreed to a range of recommendations based on the research and findings of the Working Group.

Agreed that Cabinet;-

1.1    Note the financial monitoring position as at 31 December 2022 and refer the report to the Budget and Corporate Scrutiny Management Board for consideration and comment.

1.2    Approve the transfers between reserves as outlined in Appendix 3.