URL: https://council.southglos.gov.uk/ieDecisionDetails.aspx?ID=1633

Decision Maker:

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: i)          Review the council’s forecast £7,646k (£5,550k at Quarter 1) revenue overspend on council services, before the potential release of in-year contingencies.   ii)         Review the council’s forecast revenue outturn break-even position after the potential release of in year contingencies.   iii)        Review the 2024/25 Dedicated Schools Grant (DSG) forecast which shows an in year overspend of £11,424k (£8,368k at Quarter 1), £3,716k above the planned position.  This will take the projected total DSG unusable reserve deficit to £38,884k.   iv)        Note that there are no revenue budget virements requiring approval.   v)         Approve the changes to reserve usage.   vi)        Approve the changes to the capital programme totalling £25,368 and reprofiling of £41,883k into future years.   vii)       Review the Prudential Indicators reported in appendix 6 as per the requirements of the Treasury Management code of practice.

Date of Decision: December 9, 2024