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.