Issue - meetings

(Joint Report of the Chief Executive and the Acting Director of Finance – To be introduced by the Executive Member for Finance): To set out an exception report on the finance and performance monitoring for July 2006 using the new balanced scorecard format.

The Executive Member for Finance reiterated concerns about the £4.6m deficit as set out in the report and advised that, since preparation of the report at the end of July,  officer and Lead Members had met regularly to resolve this.  

The Executive Member for Childrens’ Services felt that progress had been good, particulary in the areas of Asylum Seekers, Looked after Children and Special Educational Needs and felt confident that the overspend would be eliminated.

In respect to questions from the Chair of Overview and Scrutiny, we were advised that the assessed impact of the PCT direct funding cuts, which had been anticipated, had been included in the projections. We also noted that the impact on Social Care budgets was part of a national trend, not just affecting Haringey.  

RESOLVED

1)     That the exception report on the finance and performance monitoring for July 2006, using the balanced scorecard format, be noted.

2)     That the virements as set out in section be 13 agreed. 

3)     That the next Performance Report to the Executive sets out the progress made in Social Services and Childrens’ Services in reducing the £4.6m overspend.