Issue - items at meetings - Targeted Budget Management (TBM) Month 6

Report of the Interim Director of Finance & Resources (copy attached)

That forecast outturn for the General Fund, Section 75 Partnerships and Housing Revenue Account (HRA) for 2008/09 as at month 6, be noted.

That release of £0.142 million from Local Authority Business Growth Incentive (LABGI) in respect of projects to support local employment and businesses to be determined by the Cabinet be agreed.

That it be noted that the Primary Care Trust, as the Lead Commissioners of Mental Health Services, are continuing to work with Sussex Partnership Trust, as providers, to address current overspending, financial recovery plans, current Value for Money concerns in respect of the Dementia Care at Home service, and ensure ongoing funding issues and the potential shared financial risks to the council are resolved.

That the forecast outturn position on the capital budgets as at month 6 be noted.

That following changes to the capital programme be approved.

Budget re-profiles (Appendix 5)

Budget variations (Appendix 6)

New schemes (Appendix 7)

112.1  The Cabinet considered a report of the Interim Director of Finance and Resources that set out the forecast outturn position on the revenue and capital budgets as at the end of September 2008 (month 6). (for copy see minute book).

112.2    Councillor Mitchell congratulated the Finance Team on their skilful treasury management. She asked if Councillor Young might provide her with information regarding the status of the 108 clients noted in paragraph 3.9 of the report.

112.3    Councillor Young offered a written response.

112.4    Councillor Mitchell asked if agreement had been reached with the NHS Trust in regard to the shared risk in relation to NHS Trust managed Section 75 Services. Councillor Young noted that discussions were ongoing.

112.5    Councillor Norman added that the Section 75 discussions with the Primary Care Trust were drawing to a conclusion.

112.6    RESOLVED - That having considered the information and the reasons set out in the report, the Cabinet accepted the following recommendations:

(1)   That forecast outturn for the General Fund, Section 75 Partnerships and Housing Revenue Account (HRA) for 2008/09 as at month 6, be noted.

(2)   That release of £0.142 million from Local Authority Business Growth Incentive (LABGI) in respect of projects to support local employment and businesses to be determined by the Cabinet be agreed.

(3)   That it be noted that the Primary Care Trust, as the Lead Commissioners of Mental Health Services, are continuing to work with Sussex Partnership Trust, as providers, to address current overspending, financial recovery plans, current Value for Money concerns in respect of the Dementia Care at Home service, and ensure ongoing funding issues and the potential shared financial risks to the council are resolved.

(4)   That the forecast outturn position on the capital budgets as at month 6 be noted.

(5)   That following changes to the capital programme be approved.

Budget re-profiles (Appendix 5)

Budget variations (Appendix 6)

New schemes (Appendix 7)