Issue - meetings

To consider a report of the Leader of the Council.

The Annual Corporate Performance and Resource Report (CPRR) provides a summary of progress in delivering the Council’s priority outcomes and budget over the last financial year, with a focus on the fourth quarter of 2019/20 (January – March 2020) 

Whilst the start of the Covid-19 pandemic has impacted on some budgets and performance measures at the end of the financial year, the Council’s response has been set out in more detail against key work streams in a series of reports to the June Scrutiny cycle, alongside the 2019/20 Annual Portfolio Reports.

The report includes an executive summary and performance analysis, along with the outturn position on revenue and capital. 

The Cabinet is asked to:-

·         Review progress against delivering Council priorities and capital schemes alongside budget and performance outturns contained within the report;

·         Note the key achievements against Shared Priorities (Exec Summary) and analysis of corporate performance for 2019/20 (Section 1);

·         Note the context and challenges (Section 2) including updates on Corporate Risks, Complaints and GM Strategy;

·         Approve the virements to the Revenue Budget set out in section 3.2;

·         Note the Cash Limit and Non-Cash Limit forecast positions for 2019/20 as set out in section 3.3;

·         Note the Dedicated Schools Grant, Housing Revenue Account and Collection Fund forecast positions as set out in sections 3.4, 3.5 and 3.6;

·         Note the appropriations to/from reserves and balances as set out in section 3.7 and note the resulting reserves and balances position as at 31 March 2020;

·         Note the financial impact of the Covid-19 pandemic set out in section 3.8 and as a result the need to review the Council’s available revenue resources including those held in earmarked reserves as part of the 2020/21 Reserves Policy to support the Council’s funding of this;

·         Note the use of £1.579m of revenue resources set aside in earmarked reserves to fund RCCO linked to capital schemes by switching this funding to other available sources of capital funding including £0.375m of additional borrowing set out in 3.8.5;  

·         Note the position for the 2019/20 Capital Programme as set out in section 4.1;

·         Note the re-phasing of capital schemes during the quarter as set out in 4.2;

·         Approve the proposals for resourcing and additional resources required for the Capital Programme as set out in 4.2.4;

·         Approve the resourcing of the capital programme as set out in section 4.3 including the switch off resources set aside to fund RCCO to alternative sources of capital funding linked to capital schemes as set out in paragraph 3.8.5;

·         Approve the 2019/20 prudential indicators as set out in section 4.4; and

·         Identify key areas for further investigation and responsibility for taking forward corrective action to address any existing or outturn issues or risks.

Officer contact: Peter Owston / Jonathan Davies, 0161 474 3274 / 218 1025 peter.owston@stockport.gov.uk / jonathan.davies@stockport.gov.uk

The Leader of the Council and Cabinet Member for Devolution submitted a report (copies of which had been circulated) providing the Cabinet with an annual Report on the delivery of the Council’s priority outcomes and budget since mid-year 2019/20, with a particular focus on the fourth and final quarter. The report provided a focussed summary of highlight and exceptions for the year.

The Leader of the Council commented that there had been significant change since the last mid-year report in January and reflected on the scale of the crisis that had faced the council and local residents in that period.  In particular, the Leader of the Council paid tribute to the work of community groups and organisations, local businesses, the council and its partners for the uplifting way in which they had come together to work towards supporting Stockport and its residents.

It was further stated that notwithstanding the scale of the challenges currently facing Stockport, the borough remained ambitious in its approach with exciting developments taking place associated with the Stockport Town Centre West Mayoral Development Corporation, the next phases of the Stockport Exchange development, the construction of the new Stockport Interchange and the ambition to bring Metrolink to Stockport.

It was then

RESOLVED – That in relation to the Corporate Performance and Resources Annual Report for 2019/20, the Cabinet has agreed to:-

·         Note the key achievements against Shared Priorities (Exec Summary) and analysis of corporate performance for 2019/20 (Section 1);

·         Note the context and challenges (Section 2) including updates on Corporate Risks, Complaints and GM Strategy;

·         Approve the virements to the Revenue Budget set out in section 3.2;

·         Note the Cash Limit and Non-Cash Limit forecast positions for 2019/20 as set out in section 3.3;

·         Note the Dedicated Schools Grant, Housing Revenue Account and Collection Fund forecast positions as set out in sections 3.4, 3.5 and 3.6;

·         Note the appropriations to/from reserves and balances as set out in section 3.7 and note the resulting reserves and balances position as at 31 March 2020;

·         Note the financial impact of the Covid-19 pandemic set out in section 3.8 and as a result the need to review the Council’s available revenue resources including those held in earmarked reserves as part of the 2020/21 Reserves Policy to support the Council’s funding of this;

·         Note the use of £1.579m of revenue resources set aside in earmarked reserves to fund RCCO linked to capital schemes by switching this funding to other available sources of capital funding including £0.375m of additional borrowing set out in 3.8.5; 

·         Note the position for the 2019/20 Capital Programme as set out in section 4.1;

·         Note the re-phasing of capital schemes during the quarter as set out in 4.2;

·         Approve the proposals for resourcing and additional resources required for the Capital Programme as set out in 4.2.4;

·         Approve the resourcing of the capital programme as set out in section 4.3 including the switch off resources set aside to fund RCCO to alternative sources of capital funding linked to capital schemes as set out in paragraph 3.8.5; and

·         Approve the 2019/20 prudential indicators as set out in section 4.4.