Agenda item

Report by the Chief Finance Officer (CC13)

As set out in the Provisional Revenue and Capital Outturn Report to Cabinet on 28 June 2016 given the pressures in both Special Educational Needs (SEN) Home to School Transport and Children’s Social Care staffing, it is proposed that the underspends in Social and Community Services, Environment & Economy and Corporate Services will be used to offset the overspends in Children, Education & Families. Details are set out in Annex 1.

Some of the virements required to offset over and underspends within and between directorates are larger than £1.0m and require approval by Council under the Council’s Financial Procedure Rules.

Council is RECOMMENDED to:

(a)      approve the virements greater than £1.0m for Children, Education & Families and Social & Community Services as set out in Annex 1;

(b)      approve the virement of £1.5m from contingency to offset the overspend within Children’s Social Care as set out in Annex 1.

Council had before them a number of Virement requests to offset over and underspends with and between directorates which were larger than £1.0m and therefore, under the Council’s Financial Procedure Rules, required Council approval.

RESOLVED: (on a motion by Councillor Stratford, seconded by Councillor Hudspeth and carried nem con) to:

(a)       approve the virements greater than £1.0m for Children, Education & Families and Social & Community Services as set out in Annex 1;

(b)       approve the virement of £1.5m from contingency to offset the overspend within Children’s Social Care as set out in Annex 1.