Purpose

To present the latest detailed financial
outturn report

Content

The Committee RESOLVED to note:
1. The council’s General Fund forecast
outturn revenue overspend of £21.4 million at P7 2024/25
against the council approved budget.
2. The performance on delivery of savings
(Appendix A2).
3. The no change to Risks and Opportunities
(Section B Appendix A2).
4. The forecast net outturn position of
£15.3m in the Dedicated Schools Grant and that this brings
the carry forward deficit to £90.5 million. Following the
application of the DfE’s 24/25 Safety Valve combined with
contribution from the General Fund, a total £52.4 million is
forecast to be carried forward at the year end in the DSG deficit
reserve.
5. The council’s forecast position
against the Capital Programme revised budget 2024/25. (Appendix A2,
Section C).