Issue - meetings

Purpose

The purpose of this report is to inform the Cabinet Member of the projected revenue expenditure of the Dedicated Schools Grant (DSG) for the current financial year 2024-25 as at the end of June 2024, along with proposed budget revisions.

RECOMMENDED that the Cabinet Member:

a)    Notes the forecast year end budget position for the Dedicated Schools Grant as at 30 June 2024, together with the associated explanations contained within this report.

b)    Approves the revisions to the 2024-25 budget as set out in Appendix 1 and section 8 of the report.

The Group Accountant informed Members that the projected revenue expenditure of the Dedicated Schools Grant (DSG) for the current financial year 2024-25 as at the end of June 2024, along with proposed budget revisions was forecast to overspend by £30,500.  She explained that the overspend relates to the High Needs Block and increased levels of needs at the Harbour School in the first half of the summer term.  It is expected to report the Quarter 2 Budget Monitoring figures at the Cabinet Member's next meeting on 3 December 2024.

Members' Comments

Members thanked for the report. Councillor Suzy Horton commented that the pressure on the budget is enormous, and she offered her thanks and appreciation to officers for all work that goes on behind the scenes to ensure that the budget is balanced.

DECISIONS - the Cabinet Member:

a)             Noted the forecast year end budget position for the Dedicated Schools Grant as at 30 June 2024 together with the associated explanations contained within this report.

b)             Approved the revisions to the 2024-25 budget as set out in Appendix 1 and section 8 of the report.