The Redbridge Council Cabinet meeting on 20 June 2024 focused on financial outturns for the 2023-24 fiscal year, the introduction of a new debt management strategy, and the adoption of a physical activity strategy. Key decisions included the approval of the budgetary control outturn and the endorsement of the debt management and physical activity strategies.

Budgetary Control Outturn 2023-24

The council reviewed the Budgetary Control Outturn 2023-24, which included detailed financial performance reports. The Outturn Revenue 2023-24 and Capital Outturn were discussed, highlighting variances against the budget. The council noted the overall positive financial performance, with a surplus in several departments. However, concerns were raised about overspending in social care services. The council decided to approve the outturn reports, with a focus on addressing the overspending areas in the next fiscal year.

Debt Management Strategy

The council introduced a new Debt Management Strategy aimed at improving the collection of outstanding debts and reducing the council's financial risk. The strategy includes measures such as enhanced data analytics to identify high-risk debtors and more robust enforcement actions. Councillors debated the potential impact on vulnerable residents, with some arguing that the strategy could disproportionately affect low-income households. However, the majority supported the strategy, emphasising the need for fiscal responsibility. The strategy was approved with a commitment to monitor its impact on vulnerable groups.

Physical Activity Strategy

The council discussed the Physical Activity Strategy, which aims to increase physical activity levels among residents. The strategy includes initiatives such as community sports programmes, improved access to recreational facilities, and partnerships with local schools and health organisations. The Physical Activity Data presented showed a decline in physical activity levels, particularly among young people and the elderly. Councillors highlighted the importance of addressing health inequalities and promoting active lifestyles. The strategy was endorsed, with plans to implement the initiatives over the next three years.

Authority Monitoring Report

The Authority Monitoring Report (AMR) for 2022-23 was presented, providing an overview of the council's performance against key planning and development targets. The report included data on housing delivery, employment land, and environmental sustainability. Councillors noted the progress made in housing development but expressed concerns about the slow pace of employment land uptake. The Equality Impact Assessment was also discussed, ensuring that the council's policies do not disproportionately affect any particular group. The AMR was accepted, with recommendations to accelerate employment land development.

Savings and Reserves

The council reviewed the Savings 2023-24 and Reserves reports. The savings report highlighted the successful implementation of cost-saving measures across various departments, contributing to the overall positive financial outturn. The reserves report showed a healthy level of reserves, providing a buffer for future financial uncertainties. Councillors commended the financial management efforts and approved the reports, emphasising the need to maintain prudent financial practices.