Venue: virtual meeting
Contact: Judy Cordell / Claire Heather 023 8083 2766
Link: link to meeting
To consider the report of the Cabinet Member for Finance and Income Generation detailing the revenue and capital financial monitoring for the period to the end of July 2020 and COVID-19 Budget matters.
DECISION MADE: (CAB 20/21 30546)
On consideration of the report of the Cabinet Member for Finance and Income Generation, Cabinet agreed the following:-
General Revenue Fund
i. Note the forecast outturn position for business as usual activities is a £1.46M overspend,as outlined in paragraph 4 below and also in paragraph 1 and table 1 of Appendix 1.
ii. Note the performance of treasury management, and financial outlook in paragraphs 13 to 17 of Appendix 1.
iii. Note the Key Financial Risk Register as detailed in paragraph 20 of Appendix 1.
iv. Note the performance against the financial health indicators detailed in paragraphs 24 and 25 of Appendix 1.
v. Note the performance outlined in the Collection Fund Statement detailed in paragraphs 29 to 34 of Appendix 1.
vi. Notes the allocated £4.16M from the Social Care Demand Risk reserve to address the overspend forecast in Children & Learning as set out in paragraph 3 of Appendix 1.
vii. Notes the financial position arising from COVID-19, as outlined in paragraphs 4 to 11 of Appendix 1, with further details at paragraphs 3 to 7 of Appendix 3 and annexe 3.1, with a shortfall of £28.8M resulting as forecast at period 4 (end of July 2020). This is in addition to the ‘business as usual’ adverse variance reported in Appendix 1 as at the end of period 4 (July 2020) of £1.46M.
viii. Notes and supports addressing the budget shortfall as outlined in paragraphs 8 to 16 and table 1 of Appendix 3. This means using £9.6M of corporate budgets, a £2.7M underspend at period 4, after applying £4.16M from the Social Care demand reserve to eliminate the Children & Learning overspend and £1.5M of in-year savings. This will go forward for approval at full Council.
ix. Notes that without further funding from Government for COVID-19 costs incurred, a further £10.9M is estimated as at risk as per paragraph 10 of Appendix 3.
x. Notes that work is on-going, following the release of the final draft on 24 August of the Government scheme on income compensation, to confirm the likely compensation due to Southampton City Council initially estimated at £4.1M. Until this amount can be confirmed, this sum as also ‘at risk’ and a lesser figure could mean an increase in the shortfall faced.
Housing Revenue Account
xi. Note the forecast outturn position on business as usual activities is an under spend of £0.54M as outlined in paragraph 5 below and also paragraphs 26 and 27 of Appendix 1.
xii. Notes the revised General Fund Capital Programme, which totals £654.95M as detailed in Appendix 2 paragraph 1, table 1 and Annexe 2.5, and the associated use of resources.
xiii. Notes the revised HRA Capital Programme, which totals £210.98M as detailed in Appendix 2 paragraph 1, table 1 and Annexe 2.5 and the associated use of resources.
xiv. Notes that the overall forecast position for 2020/21 as at July 2020 is £194.15M, resulting in a potential ... view the full minutes text for item 12.
To consider the report of the Cabinet Member for Health and Adults to seek approval for ongoing support for the adult social care market to enable the Council meets its Care Act 2014 statutory duties to ensure there remains a diverse, sustainable and high-quality health and social care market within the city, despite the challenges to providers from the response to COVID-19. Also to ensure market readiness to respond to the pressures anticipated for the local health and care system this winter and any potential future spikes in COVID-19.
DECISION MADE: (CAB 20/21 29486)
On consideration of the report of the Cabinet Member for Health and Adult
Care, Cabinet agreed the following modified recommendations:
(i) To agree a budget of £1.9 million for adult social care to manage financial pressures within the care market in the city and to prevent care provider failure between October 2020 and 31st March 2021. This to be provided within the total forecast expenditure for Adult Social Care as a result of the COVID-19 pandemic.
(ii) To provide delegated authority to the Executive Director Wellbeing (Health & Adults) following consultation with the Cabinet Member for Health and Adults, the Cabinet Member for Finance and Income Generation and the Executive Director for Finance and Commercialisation to agree support to care providers or segments of the market where a need has been identified and evidenced.
To consider the report of the Cabinet Member for Culture and Homes seeking approval of the updated Tenancy Strategy and Landlord Tenancy Policy.
DECISION MADE: (CAB 20/21 29435)
On consideration of the report of the Cabinet Member for Culture and Homes, Cabinet agreed the following:
(i) To approve and adopt the Southampton Tenancy Strategy 2020 – 2025.
(ii) Subject to the approval of recommendation (i), to approve and adopt the Southampton City Council Landlord Tenancy Policy.