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The Cabinet considered a report of the
Director of Children’s Services, which sought to inform of
the outturn 2024/25 financial position, detail of issues that were
impacting on the directorate, and an update on the recovery
plan.
 
The Assistant Director Children’s
Social Care was in attendance to present the information and to
address the questions and the comments of the Cabinet Members.
 
Resolved that the outturn
financial position for 2024/25 and related service
commentary, and plans for 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 is critical to ensuring financial resources are
spent in line with the budget, and are 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.