Issue - meetings

The Committee considered and noted the report of the Executive Director for Finance, Commercialisation & S151 Officer detailing the Draft Statement of Accounts 2021/22. 

The Committee discussed with the Head of Planning and Management the following:

·  The high percentage of budget funding received through fees and charges and the known risk this caused during the period of pandemic and any likely future economic concerns;

·  Highlighted worsening performance levels and how risks would be reported through the annual budget process;

·  Depletion of reserves and balances, in particular relating to the pressures on social care for adults and children, an area of recognised risk due to the high demand in Southampton. Monthly reports are taken to the Executive Management Board detailing the in-year position;

·  Members Allowances - request to ensure the information published on the Council’s website was updated; and

·  Chief Officer pay – it was noted there was no legal requirement to publish costs associated with the employment of agency staff, however, notes were included in the budget to identify payments made. 

RESOLVED:

(i)  To note that the draft Statement of Accounts 2021/22 had been signed by the S151 Officer and were presented for comment; and

(ii)  To note that the audited Statement of Accounts 2021/22 were expected to be presented to the Committee on 26^th September 2022 for approval.