Agenda item

To consider the performance report for Quarter 3 2018/19, and to consider the revised Key Performance Indicators and Strategic Risks for 2019/20.

The Executive Member for Finance, Councillor T. Schofield submitted a report that detailed major variances on performance for the third quarter of 2018/19 in relation to the Council’s Key Performance Indicators, Revenue Budget Monitoring, Capital Budget Monitoring and Internal Audit. The report also provided an update on Key Performance Indicators and Strategic Risks for 2019/20. The Executive Member confirmed that 8 of the Council’s 14 Key Performance Indicators were on target, or within the agreed tolerance.

The Executive was informed that KPIs 4-8 were contextual homelessness indicators which had been introduced to reflect changes required under the Homelessness Reduction Act (2017). Councillor Schofield explained, as the impact of this legislation was uncertain, no target had been set for 2018/19.

In response to questions about KPI 3, in reference to the number of affordable home completions, it was explained that this was off target at the end of quarter 3. It was noted that against a target of achieving 75 affordable home completions by the end of the quarter, 60 had been achieved and it was recognised that achieving this target was largely outside of the Council’s control. However, at the end of the quarter 52 affordable dwellings were under construction and a further 31 had commenced within the quarter. With this in mind, Councillor Schofield indicated that the overarching target for the year (100) would be achieved.      

With regards to the financial aspects within the report, it was noted that there was a healthy underspend on the revenue budget. It was explained that income from planning fees remained buoyant while rental income from commercial property investments was higher than originally forecast due to recent acquisitions. The Executive also noted that good progress was being made on the capital programme.

The quarterly performance report was presented to the Overview and Scrutiny Committee on 14 March 2019 and Councillor Schofield advised that the Committee had raised a number of comments which had been addressed at the meeting.

During the discussion, the Executive noted that a number of internal audits had been completed during quarter 3. In terms of risk management, it was highlighted that no new strategic risks had been identified during the quarter.

Councillor Schofield concluded by explaining, as set out in Sections 6 and 7 of Annex 1 of the report presented, that the Council’s Key Performance Indicators had been updated for 2019/20 and that the Council’s Strategic Risks had been reviewed and revised for 2019/20.  

RESOLVED that the performance outlined in the quarterly performance report to December 2018 be noted and the revised Key Performance Indicators for 2019/20 and Strategic Risks for 2019/20 be approved. 

Reason for decision: To consider the performance for the third quarter of the financial year 2018/19 and to ensure appropriate arrangements for performance monitoring and risk management were in place for 2019/20.

Alternative options: None.