Issue - meetings

The purpose of this report is to provide Members with a corporate overview of Finance and Performance information to support informed decision-making and manage performance effectively. 

      i.        that the Finance and Performance information contained in the report be noted and that remedial actions as necessary be agreed;

    ii.        that the 2010-11 budget virements contained in the report be agreed.

The joint report from the Directors of Strategy, Partnerships and Improvement and Finance and Corporate Services summarised the council’s budget position and performance in relation to the delivery of the Borough Plan, Our Brent Our Future 2010-2014. The Director of Finance and Corporate Services stated that the overspend was approximately £1.3M but there was no room for complacency. He referred to the primary causes which included pressures on Special Educational Needs budgets and placement costs. Should compensatory savings not be identified the council would have to call on its reserves however he hoped this could be avoided. Councillor Crane called for further discussion on public health and targets to reduce obesity.

RESOLVED:-

(i)         that the Finance and Performance information contained in the report be noted and that remedial actions as necessary be agreed;

(ii)        that the 2010-11 budget virements contained in the report be agreed.