Corporate Revenue Budget Monitoring 2011/12

By on 20/07/2011 in News

Responding to the publication today of the ‘Coporate Revenue Budget Monitoring 2011/12 Month 2 (up to 31 may 2011)’ report, Councillor Randal Brew, Cabinet Member for Finance, said:

 “I am extremely pleased with the progress on achieving the savings.  To have comfort that 89% of the £212 million savings are delivered or planned for delivery is reassuring at this early stage.  I want to go on record to thank our officers for their hard work in delivering the savings whilst keeping our services running effectively.

“We have a track record in delivering savings and achieving modest underspends every year.  It is good practice to identify risks as early as possible so that we can act on and make decisions to deliver a balanced year end.”

Summary Briefing:

1. Council Cabinet will consider the first formal revenue budget monitor for 2011/12 on Monday 25th July 2011.

2. The report identifies that the core budget is under control with some challenges mainly in Children's Services.  A balanced year end remains the forecast.

3. The Cabinet Member for Finance is separately tracking the savings delivery programme.  At this early stage, Members are being alerted that £23m of the £212m savings challenge is at risk.  Therefore, at this early stage, Members are being advised that £189.5m (89%) of savings are delivered or being delivered.

4. The savings at risk relate to:

(a) The impact of the adult social care judicial review.  The gross savings of £33m is being mitigated by support from NHS Section 256 funding and other efficiencies.  As at Period 2 the pressure is therefore reduced to £17.5m.

(b) Children and Young People savings for Home to School Transport and Social Enterprise Company totalling £5m where policy decision are yet to be taken.

(c) Savings from achieving a break-even for Shelforce remains a challenge (£0.7m).

5. Members have asked officers to continue to seek out local solutions to these challenges before considering any corporate support.  Cabinet will review this position in September to make sure a balanced year end can be achieved. 

6. For Adults and Communities, the Cabinet Member is seeking approval to prepare a revised consultation which will explore a number of alternatives to address the impact of the judicial review.

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