Decision

The council has decided to review potential overspending on council services and Dedicated Schools Grant funding, as well as approve changes to reserve usage and the capital programme.

Analysis

outcome: The council will review and potentially approve changes to reserve usage and the capital programme, as well as review the Prudential Indicators.

summary: The council is reviewing a forecasted revenue overspend on council services, Dedicated Schools Grant (DSG) forecast, reserve usage changes, and capital programme changes.

topline: The council has decided to review potential overspending on council services and Dedicated Schools Grant funding, as well as approve changes to reserve usage and the capital programme.

reason_contentious: This issue may be contentious as it involves potential overspending and changes to financial allocations.

affected_stakeholders: ["Council services", "Schools receiving DSG funding"]

contentiousness_score: 5

political_party_relevance: There are no mentions or implications of political parties or political influence on the decision.

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