Issue - meetings

Budget Monitoring Quarter 2

Meeting: 23/11/2021 - Children, Young People & Education Committee (Item 55)

55 Budget Monitoring Quarter 2 Report pdf icon PDF 132 KB

Additional documents:

Minutes:

The Senior Finance Business Partner introduced the report of the Director of Children, Families and Education which set out the financial monitoring information for the Children, Young People & Education Committee as at quarter 2 (June – Sep) of 2021/22, with an overview of budget performance to enable Committee to take ownership of their specific budgets and provide robust challenge and scrutiny to Officers on the performance of those budgets.

 

It was reported that there was a forecast year-end revenue position of £0.739m favourable and further detail was provided of the position within the individual budgets. This included favourable revenue positions in Children and Families and Early Help and Prevention due to decreased care costs associated with Children Looked After and the use of grant funding in early years. Within the schools budget it was highlighted that there was a forecast adverse variance in the high needs block, mainly due to the increase in demand and complexity of cases alongside an increase in requests for Education, Health and Care Plan assessments.

 

A request made during consideration of the quarter 1 report was flagged, which was to receive information on the year-to-date actual position against the year-to-date budget to provide further assurance that the outturn forecast was accurate. In response it was highlighted that the format of reporting was derived from Policy and Resources Committee and used for all Policy and Services Committees. It was requested that the issue be raised with Policy and Resources Committee.

 

Resolved – That

 

(1)   the forecast year-end revenue position of £0.739m favourable as reported at quarter 2 (Apr – Sept) of 2021/22 be noted.

(2)  the progress on the achievement of approved savings and the year-end forecast position at quarter 2 (Apr – Sept) of 2021/22 be noted.

(3)  the reserves allocated to the Committee for future commitments be noted.

(4)  the forecast year-end capital position of as reported at quarter 2 (Apr – Sept) of 2021/2022 be noted.