Issue - meetings

Report of the Executive Director Corporate Services and S151 Officer providing an update on the CIPFA review of the Council's finances and procedures and update on the new financial strategy.

The Committee received and noted the report of the Executive Director Corporate Services detailing the CIPFA review, the conclusions from it and the ongoing work to promote the updated financial strategy.

The Committee referred to paragraph 24 of the report and requested if this included new commitments identified within the Medium-Term Financial Strategy Update that would be presented to the forthcoming Cabinet meeting.   In addition, the Committee also referenced £500k identified within the report as being none portfolio based and questioned what this was as all monies should be aligned to a portfolio.  It was noted that the Executive Director for Corporate Services would share with Members of the Committee outside of the meeting the revised table 1 and what the none portfolio based monies referred to.  

The Committee also referred to appendix 3 of the report and the establishment of the Southampton Renaissance Board with the remit focussed on growth, strategic skills, sustainable development, and investment and requested that a progress report be submitted to a future meeting of the Committee.