Decision Maker: Cabinet, Council

Outcome: Recommmend Forward to Council

Is Key Decision?: No

Is Callable In?: No

Date of Decision: September 4, 2024

Purpose: Budget Monitoring information for quarter one.

Content: RESOLVED that Cabinet: -  (a)        Note the budget monitoring position for quarter one 2024/25. RECOMMENDED that Cabinet: - (b)        Recommend to Council the revenue budget virement set out in paragraph 5. RESOLVED that Cabinet: - (c)        Request a detailed report to October Cabinet from the Corporate Director for Children’s Services on the High Needs Dedicated Schools Grant expenditure forecast and available mitigation measures in 2024/25. This report will need to seek Council approval for any additional resources over the approved budget. Voting: Unanimous Portfolio Holder: Finance Reason To comply with accounting codes of practice and best practice which requires councils to regularly monitor the annual budget position and take any action to support the sustainability of the council’s financial position. To comply with the council’s financial regulation concerning approval for budget virements.