Decision Maker: Children and Young People Policy Committee

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: January 23, 2025

Purpose: To present the latest detailed financial outturn report

Content: The Committee RESOLVED to note: 1. The council’s General Fund forecast outturn revenue overspend of £21.4 million at P7 2024/25 against the council approved budget. 2. The performance on delivery of savings (Appendix A2). 3. The no change to Risks and Opportunities (Section B Appendix A2). 4. The forecast net outturn position of £15.3m in the Dedicated Schools Grant and that this brings the carry forward deficit to £90.5 million. Following the application of the DfE’s 24/25 Safety Valve combined with contribution from the General Fund, a total £52.4 million is forecast to be carried forward at the year end in the DSG deficit reserve. 5. The council’s forecast position against the Capital Programme revised budget 2024/25. (Appendix A2, Section C).