Decision details

Chris Ward, Director of Finance and Section 151 Officer, presented his report and reported that plans were in place to tackle the overspend in Childrens Social Care and plans were being worked on for that in Adult Social Care, as whilst there was some provision within contingency it was important to remedy this for future years.

The Cabinet supported the recommendations within the report which are forwarded to Council for approval.

RECOMMENDED

(i) The forecast outturn position for 2015/16 be noted:

(a) An overspend of £5,247,800 before further forecast transfers from/(to) Portfolio Specific Reserves

(b) An overspend of £5,381,100 after further forecast transfers from/(to) Portfolio Specific Reserves.

(ii) Members note that any actual overspend at year end will in the first instance be deducted from any Portfolio Specific Reserve balance and once depleted then be deducted from the 2016/17 Cash Limit.

(iii) Directors, in consultation with the appropriate Cabinet Member, consider options that seek to minimise any forecast overspend presently being reported and prepare strategies outlining how any consequent reduction to the 2016/17 Portfolio cash limit will be managed to avoid further overspending during 2016/17.