Issue - meetings

Purpose

To inform the Cabinet Member of the revenue expenditure position within the Education portfolio cash limit for the financial year 2015-16. This report sets out the budget position and contributing factors to the final portfolio underspend at the end of the financial year.

RECOMMENDED that the Cabinet Member:

(1) Note the Education service outturn position for 2015/16, of £409k under the approved cash limit provision, and that this has been offset against the Children's Social Care overspend position for that year.

(2) Note the anticipated cash limit pressure for the 2016/17 financial year; and that this will continue to be monitored and reported regularly during the year.

(TAKE IN REPORT)

The report was introduced by Richard Webb, Finance Manager. In response to a question the following points were clarified:

·         There has been an overspend in respect of the Home to School Transport budget in recent years. However, previously approved change to the Home to School Transport policy is assisting in reducing these financial pressures.

DECISION:

The Cabinet Member:

(1)   Noted the Education service outturn position for 2015/16, of £409k under the approved cash limit provision, and that this has been offset against the Children's Social Care overspend position for that year.

(2)  Noted the anticipated cash limit pressure for the 2016/17 financial year; and noted that this will continue to be monitored and reported regularly during the year.