Decision Maker: Children and Young People Policy Committee

Outcome: Information Only

Is Key Decision?: No

Is Callable In?: Yes

Date of Decision: October 17, 2024

Purpose: To present the latest detailed financial outturn report

Content: The Committee for Children & Young People noted: 1. The General Fund forecast outturn revenue overspend of £23.8 million against the council approved budget at P5 2024/25. 2. The forecast position of a net £15.0 million overspend in the Dedicated Schools Grant following the application of the DfE’s 24/25 Safety Valve combined with contribution from the General Fund (totalling £15.9m), that a total £52.2 million is to be carried forward in the DSG deficit reserve. 3. The forecast position of £4.4m underspend on the capital programme revised budget 2024/25.