Purpose

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

Content

RESOLVED that the Committee noted:
 
· 
the current projected overspend on the General Fund revenue
services for this Committee was £0.049 million and the
actions being taken to address this position;
 
· 
the ringfenced Dedicated Schools Grant was forecast to overspend by
£2.733 million this year leading to a cumulative surplus on
the fund at the end of the year of £0.597 million. The
in-year position allows for the successful claim of £0.960
million in safety valve funding and a £1.2 million
contribution from the General Fund. This comfortably met the
requirements of the Department for Education (DfE) Safety Valve
Agreement; and
 
· 
the latest position on the Capital Programme.