Purpose

Overview of revenue and capital budget
management within the remit of this Committee.

Content

RESOLVED: that the Committee
noted:
 
a) 
the current projected overspend on the General Fund revenue
services for this Committee is £3.026 million and the actions
being taken to address this position;
b) 
the ringfenced Dedicated Schools Grant is forecast to overspend by
£1.509 million this year leading to a cumulative surplus on
the fund at the end of the year of £0.935 million. The
in-year position allows for the successful claim of £1.5
million in safety valve funding and a £1.2 million
contribution from the General Fund. This comfortably meets the
requirements of the Department for Education (DfE) Safety Valve
Agreement; and
c) 
the latest position on the Capital Programme.