Issue - meetings

Cabinet Member: Finance

Forward Plan Ref: 2022/132

Contact: Louise Tustian, Head of Insight & Corporate Programmes, louise.tustian@oxfordshire.gov.uk; Kathy Wilcox, Head of Financial Strategy, 07788 302163

Report by Director of Finance (CA9).

To note and seek agreement of the report.

The Cabinet is RECOMMENDED to

a)                  note the report and annexes which include action plans

b)                  note the virements in Annex B-2b

c)                  approve a £0.7m increase in the contribution from the County Council to the Children’s Integrated Therapy Service.

d)                  note the use of the COVID-19 reserve as set out in Annex B-3a

e)                  Agree to transfer £1.8m from the Budget Equalisation Reserve to the Transformation Reserve.

Recommendations approved.

Cabinet considered a report presenting the November 2022 performance, risk and finance position for the Council. 

Councillor Calum Miller, Cabinet Member for Finance, summarised the report.  He referred, in particular, to the considerable challenges in delivery of services for children and the likelihood of the budget being overspent at the end of the financial year.

Councillor Liz Brighouse, Cabinet Member for Children, Education & Young People’s Services said that the forthcoming year’s budget sought to address the challenges facing services for children and commented on the proposals to develop children’s residential care within the County.  She reminded the Cabinet that, in addition to the Council,  a number of agency partners had responsibility for providing services for children in the County.

Councillor Miller moved and Councillor Enright seconded the recommendations and they were agreed.

RESOLVED to:-

a)       note the report and annexes which include actionplans

b)       note the virements in AnnexB-2b

c)       approve a £0.7m increase in the contribution from the County Council to the Children’s Integrated TherapyService.

d)       note the use of the COVID-19 reserve as set out in AnnexB-3a

e)       agree to transfer £1.8m from the Budget Equalisation Reserve to the TransformationReserve.