Purpose

This report sets out the
background to the current budget forecasting solution and its
implementation as part of a review of financial management
arrangements across the Council.
 
It also seeks authority to
commence a procurement exercise for the continued provision of a
budget forecasting solution following the end of the existing
contract in November 2024.
 

Decision

Decision(s):
 
(1) Approval be given to begin a procurement
exercise for the provision ofa budget forecasting solution
utilising the Crown Commercial Services RM 6194 Framework
Agreement.
 
(2) That the Executive Director of Corporate
Resources and Customer Services, in consultation with the Cabinet
Member for Regulatory, Compliance and Corporate Services be granted
delegated authority to award the contract and to award any
extension thereof.
 
Reasons for the
Decision(s):
 
To support the Finance Service in providing an
enhanced offer to the business in relation to strategic advice and
support by: enabling transformation; supporting performance; and
delivering accountability. To enable budget holders to have
continued self service access to their budget information, actuals
and commitments to support effective and efficient decision
making.
 
Alternative Options
Considered and Rejected:
 
Do nothing - There would be a risk in relation
to the capacity of the Finance Service to meet its statutory
obligations in terms of reporting in light of already reduced
resources and an inability to continue to realise the benefits
associated with a budget forecasting solution as outlined in this
report.