The Head of Performance and Partnerhsips and the Senior Finance Business Partner for Children's Services provided a summary of the Budget and Balanced Score Cards: Quarter four (Year-End) 2017/18 report.
It was noted that the recommendations in paragraphs 2 and 3 of the report, namely in reference to transfers to the relevant reserves, had been mentioned at a previous OSB meeting. However, it was confirmed that the figures cited in the report were now final and reflected the end of year position.
It was noted that after all transfers had been completed the Councils underspend was £287,000, or 0.25%, as well as 3% over delivery against the Councils capital budget.
It was also noted that the Councils level of borrowing, the amount in its General Reserves, and other specific reserves, were in line with expectations at March 2018.
A member queried if, when Education Services reported on the School underspend, information relating to Academies would be included. It was confirmed that this would not be the case, as information was only available from maintained schools. It was noted that, on 31 March 2018, there were 22 maintained schools in Middlesbrough. There were a further seven schools potentially moving to Academy status.
The Board discussed means by which information could be obtained from Academies including a possible approach to the Department for Education.
The performance results for the Council were summarised for Quarter four and it was noted that, overall, the Councils target was to achieve 75% of its targets, and this had been achieved for 2017/18. It was commented that two Directorates had fallen below this target, which could be attributed to factors including spending on buildings that remained open, but were scheduled to close, and children in need provision.
The Balanced Score Cards were highlighted at Appendix 2 of the report, and the Risk Register at Appendix 3.
It was commented that those areas of Risk associated with the Education department should be explored at the September 2018 meeting of OSB.
The Board commended the officers for the clarity of the report and the ease by which it could be read. The Chair also commented that the information provided within the report provided a pleasing picture of Council performance.