Decision Maker: Education and Children's Services Committee

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: October 24, 2024

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

Content: RESOLVED that the Education & Children’s Services Committee note     i.  the current projected underspend on the General Fund revenue services for this Committee is £0.099 million;   ii.  the ringfenced Dedicated Schools Grant is forecast to overspend by £2.881 million this year leading to a cumulative surplus on the fund at the end of the year of £0.449 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 meets the requirements of the Department for Education (DfE) Safety Valve Agreement;   iii.   and  the latest position on the Capital Programme.