Issue - meetings

The Director for Finance reports as follows:

As set out in the Provisional Revenue and Capital Outturn Report to Cabinet on 19 June 2018, all over and underspends have been transferred to general balances. This includes an underspend of £123,909 on the Transition Fund for open access children’s services.

Applications to the fund were considered by a cross-party panel of Councillors in seven rounds during in 2017/18.  A total of £876,091 was allocated to be used over the agreed three year period. This leaves a balance of £123,909 as the fund has now closed to new applications.

It is proposed that Council approve the use of the £123,909 underspend and that it is transferred to the Budget Priorities Reserve until it is required. 

Council is RECOMMENDED to approve the use of the £123,909underspend on the Transition fund for open access children’s services which will be transferred to the Budget Priorities Reserve until required.

With the consent of Council, Councillor David Bartholomew moved an alteration to the recommendations at the suggestion of Councillor Liz Brighouse as shown in bold underline below:

Council is RECOMMENDED to approve the use of the £123,909 underspend on the Transition fund for open access children’s services which will be transferred to and until required for this purpose transfer to the Budget Priorities Reserve until required.

As set out in the Provisional Revenue and Capital Outturn Report to Cabinet on 19 June 2018, all over and underspends had been transferred to general balances. This included an underspend of £123,909 on the Transition Fund for open access children’s services.

Applications to the fund were considered by a cross-party panel of Councillors in seven rounds during in 2017/18.  A total of £876,091 was allocated to be used over the agreed three-year period. This left a balance of £123,909 as the fund had now closed to new applications.

Council had before it a report which proposed that Council approve the use of the £123,909 underspend and that it is transferred to the Budget Priorities Reserve until it is required. 

With the consent of Council, Councillor David Bartholomew moved and Counciilr Brighouse seconded an alteration to the recommendations at the suggestion of Councillor Liz Brighouse as shown in bold underline below:

Council is RECOMMENDED to approve the use of the £123,909 underspend on the Transition fund for open access children’s services which will be transferred to and until required for this purpose transfer to the Budget Priorities Reserve until required.

Following debate, the recommendations as amended were put to the vote and were carried nem con.

RESOLVED:  (nem con) to approve the use of the £123,909 underspend on the Transition fund for open access children’s services and until required for this purpose transfer to the Budget Priorities Reserve.