Agenda item

Report by the Chief Finance Officer (CC13)

Assetoutin theProvisionalRevenueandCapitalOutturnReportto Cabinet on 28June 2016giventhe pressuresin bothSpecial EducationalNeeds(SEN)Hometo School Transport and Children’s SocialCare staffing,it isproposedthatthe underspendsin Socialand Community Services,Environment& Economy and CorporateServices will be usedto offsetthe overspendsin Children,Education& Families. Details are setoutin Annex1.

Someofthevirementsrequiredto offsetoverandunderspendswithin andbetweendirectoratesarelargerthan£1.0mandrequireapproval by CouncilundertheCouncil’sFinancialProcedureRules.

Councilis RECOMMENDEDto:

(a)      approve the virements greaterthan £1.0m for Children, Education& FamiliesandSocial& Community Servicesasset outinAnnex 1;

(b)      approvethevirementof £1.5mfrom contingencyto offsetthe overspendwithin Children’sSocialCareas set outinAnnex1.

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 greaterthan £1.0m for Children, Education& FamiliesandSocial& Community Servicesasset outinAnnex 1;

(b)       approvethevirementof £1.5mfrom contingencyto offsetthe overspendwithin Children’sSocialCareas set outinAnnex1.