Performance, Risk and Finance Monitoring Report November 2023

January 8, 2024 Executive (Other) Key decision Approved View on council website
Full council record
Purpose

To
inform the Executive of the progress against our corporate
priorities, a Leadership Risk update linking to the performance and
a financial update

Content

Resolved
 
(1)          
That the Council’s Performance, Risk and Financial report for
the month of November 2023 be noted.

 
(2)          
That the following reserve requests be approved:

·      
Directorate: Resources

·      
Type: Earmarked

·      
Description: Market Risk Reserve

·      
Reason: Over-recovery of Treasury Income

·      
Amount £m: (0.130)

·      
Total Earmarked Reserves £m: (0.13)
  
(3)          
That the addition of £1.6m capital spend in relation to Grant
agreements that have been concluded with two registered providers
of social housing, Sanctury Housing and South Oxfordshire Housing
Association (SOHA) to bring homes forward under the central
government resettlement scheme Local Authority Housing Fund Round 2
allocation received by Cherwell be approved.
 
(4)          
That authority be delegated to Assistant Director Wellbeing and
Housing to award grants from the Local Authority Housing Fund Round
2 allocation, in consultation with the Monitoring Officer and s151
Officer, to secure additional social housing in the district with
the intention that first let is to refugee families.
 

Supporting Documents

Appendix 5 - Use of Reserves and Grant funding November.pdf
Appendix 6 - Performance November 23.pdf
Executive Performance Risk and Finance Nov 2023.pdf
Appendix 1 - Capital Nov 2023.pdf
Appendix 2 - Detailed Revenue Narrative on Forecast November.pdf
Appendix 7 - Leadership Risk Register.pdf
Appendix 3 - Virements November.pdf
Appendix 4 - Funding November.pdf

Details

OutcomeRecommendations Approved
Decision date8 Jan 2024
Subject to call-inYes