A Report by the Director of Children, Families and Education, presented by the Senior Finance Business Partner provided a summary of the year-end revenue position for the 2021/22 financial year for Children, Families and Education.

Members were advised how the Children Young People and Education Committee was accountable for ensuring that the budgets remained within the relevant funding envelope and would take collective responsibility via the Policy and Resources Committee to ensure that the whole Council budget remains in balance at all times and should a deficit be forecast, agreeing mitigating actions to bring the budget back into balance.

It was outlined that the year-end revenue outturn for 2021/22, represented a favourable variance of £0.640m against revenue budget of £87.318m.

Resolved – That:

(1)  the year-end revenue position of 0.640m favourable outturn variance reported for 2021/22 be noted;

(2)   the progress on the achievement of approved savings and the year-end position of 2021/22 be noted;

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

(4)  the year-end capital position reported for 2021/22 be noted.