9.1
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The Committee
considered a report of the Director of Finance and Commercial
Services providing an update on the progress of the
2023/24 budget process.
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The report indicated
that the financial pressures facing the Education, Children and
Families Policy Committee in 2023/24 amounted to
£12.4m. Mitigations of
£6.9m had been noted at the previous meeting of the
Committee, leaving further savings of £5.5m needing to be
found, and it was reported that this figure had now reduced to
£3.4m in the light of further mitigations which had recently
been endorsed by members of the Committee from all three political
groups on the Council.
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9.2
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RESOLVED
UNANIMOUSLY: That the
Education, Children and Families Policy Committee notes the update
on the Council’s budget position for 2023/24.
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9.3
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Reasons for Decision
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The Council is required by law
to set a balanced budget each year. This report is pursuant to that
objective and is in line with the process and timetable agreed by
the Strategy and Resources Policy Committee on 31 May 2022 and 5
July 2022.
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9.4
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Alternatives Considered and Rejected
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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.
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