Content

The Cabinet considered
a report of the Director of Integrated Care and Health (Director of
Adult Social Services (DASS) and Deputy Place Lead, which sought to
inform of the Adult’s Services current forecast 2024/25
financial position, detail of issues that were impacting on the
directorate and relating recovery plan. The report contained detail
of quarter three 2023/24 financial position, 2024/25 savings and
recovery plan underway.
 
The report author
was in attendance to present the
information and to address the questions and the comments of the
Cabinet Members.
 
Resolved that the
financial and related service data and plans for the remainder of
2024/5 and the medium term be noted.
 
Reason for
decision:
Cabinet Members
should be kept updated on the financial
position of all Council directorates, as effective budget
management was critical to ensuring financial resources were spent
in line with the budget, and were targeted towards the
Council’s priorities.
 
Alternatives
considered and rejected:
No alternative as
financial reporting ensures the Council complies with CIPFA’s
Financial Management Code and its standards for management of
financial resources in the short, medium and long term, management
of financial resilience to meet unforeseen demands on services, and
management of unexpected shocks within financial circumstances.