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Decision details

Revenue Budget Monitoring Report - Month 6

Decision status: Recommendations Approved




The Committee considered a report of the Director of Finance and Commercial Services providing an update on the Council’s financial monitoring position for 2022/23, as at Month 6 (30th September 2022).



The report indicated that the Council was forecasting an £18.6m overspend against the 2022/23 budget as at month 6, of which £6.5m related to services within the remit of the Education, Children and Families Policy Committee, and further detail on the breakdown of that overspend was set out in the report.




The Committee confirmed that, whilst work would continue on developing plans to mitigate in-year forecast overspends, as well as pressures on the 2023/24 budget, the safety of children in the city would remain of paramount consideration.




RESOLVED UNANIMOUSLY: That the Education, Children and Families Policy Committee notes the Council’s financial position as at the end of September 2022 (month 6).




Reasons for Decision



This paper is to bring the Committee up to date with the Council’s current financial position as at Month 6 2022/23.




Alternatives Considered and Rejected



The Council is required to both set a balanced budget and to ensure that in-year income and expenditure are balanced. No other alternatives were considered.




Report author: Ryan Keyworth

Publication date: 18/11/2022

Date of decision: 09/11/2022

Decided at meeting: 09/11/2022 - Education, Children and Families Policy Committee

Accompanying Documents: