Purpose

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

Content

RESOLVED that the Committee noted:
 
a) 
the current projected overspend on the General Fund revenue
services for this Committee is £2.555 million and the actions
being taken to address this position;
b) 
the ringfenced Dedicated Schools Grant is forecast to overspend by
£351,000 this year leading to a cumulative surplus on the
fund at the end of the year of £2.093 million. The in-year
position allows for the successful claim of £1.5 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;
c) 
the latest position on the Capital Programme.