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ITEM EX 5, 6 & 7 Supplement


EXECUTIVE – 7 SEPTEMBER 2004

REVIEW OF FINANCIAL MANAGEMENT FUTURE

DEVELOPMENT OF THE SAP MANAGEMENT INFORMATION SYSTEM REVENUE BUDGET AND CAPITAL PROGRAMME 2005/06 – 2007/08

Report by the Leader of the Council and Deputy Leader of the Council

Introduction

  1. This report is intended as a preface to the officer reports on Agenda Items 5, 6 and 7. Although each report covers a discrete part of the Council’s operations, there are recurrent themes that need to be drawn together and there are lessons to be learned from issues arising from each report.
  2. Robson Rhodes report on Financial Management

  3. We welcome the Robson Rhodes report on the Council’s Financial Management. We accept that it has measured our position against a high standard and one that has only just been launched. We also accept that the Council has further work to do to meet that high standard and we welcome the challenge of helping it do so quickly and fully.
  4. The way forward is now clear:
  5. (a) For a decade or more, members promoted a culture that sought to maximise the resources that go to "front line services" and, by default, pared down the resources for the corporate centre and back-office functions. This imbalance had unacceptable consequences. We have taken a number of steps to correct this situation and the report makes it clear that further strengthening of corporate capacity in financial and audit functions is required.

    (b) Strong corporate leadership in the finance function is vital to put in place a new financial management system that is fit for purpose in a changing and challenging financial scenario. Action is already being taken here.

    (c) The internal audit function needs to secure the respect and attention of senior management and of members and it needs to escalate issues of concern. It also needs to be better resourced. External audit has similarly not always alerted members to the seriousness of concerns in many areas of financial management.

  6. The Robson Rhodes report provides a clear list of priority areas that need urgent attention. The next stage is to devise an implementation plan and to ensure it is delivered in a timely and effective manner. It is a challenging role for our new Head of Finance but one that we know she will relish. Member support and engagement is equally essential to ensure it is delivered. This is a substantial role for all members and particularly for those on the Best Value and Audit Committee.
  7. Future Development of the SAP Management Information System

  8. The IBM report tells us that the system we selected back in June 2001 is a good one but that we need to do more to exploit it to its full potential and that we need to invest more to derive greater benefits. It also tells us that we need to review our systems and procedures throughout, applying Business Process Re-engineering techniques.
  9. Although we have to invest significant additional sums in improving the implementation of the SAP system, we should reap significant financial savings as a result.
  10. Revenue Budget and Capital Programme 2005/06 – 2007/08

  11. The report makes familiar reading. While pressures are unremitting, there is clear evidence of a tightening of the financial position as the result of reducing central government funding.
  12. Our Medium Term Financial Plan assumes three key variables for 2005/06:
  13. (a) a Council tax increase of 6%;

    (b) a Contingency to Spend of £9 million; and

    (c) planned efficiency savings of £5 million: failure to generate these has a direct impact on the Contingency to Spend, reducing it pound for pound for non-achieved savings.

  14. The government’s school funding guarantee pre-empts half of our Contingency to Spend and other claims include rising pension costs (£1.1), replacing balances (£1.5m) as a result of Social and Health Care finance write-offs and the additional investment in the SAP Management Information system (£2m). These claims wipe out our Contingency to Spend and leave us with a shortfall of £800k..
  15. Further analysis of the government’s Comprehensive Spending Review indicates a likely loss of government grant of some £2.6m.
  16. The Executive is determined that none of these pressures should be solved by a higher level of Council Tax than the Medium Term projection of 6%. This has to be seen as a maximum. We therefore see ourselves as squeezed by central government reducing grant on the one hand and by significant spending pressures arising both from service needs and from the need to strengthen the corporate centre on the other.
  17. The way forward

  18. Against this background, we see some clear points emerging.
  19. Priorities

  20. Given the pressures we face, the Executive must be clear about its priorities and strict about not trying to do more than is feasible or affordable. Priorities must be backed by resources.
  21. Leadership and Accountability

  22. Given the complexity of modern local government and of some of the projects facing the Council, we need to ensure there is clarity about leadership and accountability.
  23. Project Management

  24. Managing complex projects – particularly where they cross directorate boundaries – requires good project management skills. Executive members, directors and managers have a responsibility to ensure that training is available for individuals who need to strengthen their project management skills. These are not an add-on; they are fundamental to delivering on time and on budget.
  25. Performance Management

  26. Implicit in all is the assumption that sound management will establish targets and accountabilities and that individuals will accept responsibility for their part in the project and will be accountable for delivery.

Keith R Mitchell
Leader of the Council

Dermot Roaf
Deputy Leader of the Council

September 2004


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