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Agenda and minutes

Venue: Committee Room 5, Guildhall, Swansea. View directions

Contact: Scrutiny 636292 

Items
No. Item

1.

Disclosure of Personal and Prejudicial Interests.

Minutes:

·         None

2.

Public Questions

·         Questions must relate to matters on the open part of the Agenda of the meeting, and will be dealt with in a 10 minute period

Minutes:

·         None

3.

Financial Report pdf icon PDF 99 KB

4.

Capital Outturn and Financing 2017-18 pdf icon PDF 141 KB

·         Ben Smith - Head of Financial Services & Service Centre

Minutes:

·         Section 151 Officer went through the report

·         Underspend is bad for capital but good for capital financing costs

·         Have obligations under the Well-being of Future Generations Act 2015

·         Underspends on disables facilities grants and Pipehouse Wharf move needed more explanation

·         Discussed some other underspends

 

5.

Q1 Revenue and Capital Budget Monitoring 2018-19 pdf icon PDF 203 KB

·         Ben Smith - Head of Financial Services & Service Centre

Additional documents:

Minutes:

  • Most of the overspend is in social services
  • Limited options to triage overspend
  • 2019/2020 will see the roll forward of some of the overspend presusres, as these are one off actions only in 2018-19
  • Spend has to be slowed – and this needs to be demonstrated
  • Minority Ethnic Achievement Grant reinstated so reserve not needed
  • Housing Revenue Account is in healthy positon
  • Council faces challenging financial position
  • General reserves at a minimum level already
  • Any money from WG in future is likely to be for social services
  • Discussed invest to save initiatives – green vehicles and sustainable drainage

 

6.

Revenue Outturn and Savings Tracker 2017-18 pdf icon PDF 185 KB

·         Ben Smith - Head of Financial Services & Service Centre

Additional documents:

Minutes:

·         Services overspent by £7m

·         General reserves are reduced and this won’t be able to happen next year

·         The education underspend is due to recoupment and independent placements so predicting the amount is volatile – some years under and some over

·         Savings should be reasonable and achievable

·         Discussed business rates and how much would be retained by the Council for any new build

 

7.

Revenue Outturn Housing Revenue Account 2017-18 pdf icon PDF 105 KB

·         Ben Smith - Head of Financial Services & Service Centre

Minutes:

·         Straightforward report

·         No further plans or comments outside of the report

8.

Work Plan 2018 - 2019 pdf icon PDF 67 KB

Letter to Cabinet Member pdf icon PDF 188 KB

Response from Cabinet Member pdf icon PDF 243 KB