Decision Maker: Education and Children's Services Committee

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: September 12, 2024

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.