For the department, the gross expenditure cash budget is £33.878 million with £-18.378 million of income, making a planned net spend of £15.501 million. The gross budget includes £8.246 million for staffing.
The 2021 to 2022 budgets include savings of £0.769 million. The key themes adopted in making the savings were:
- reducing service budgets where levels of demand have decreased will save £0.084 million
- additional income achievable of £0.102 million
- staffing reduction of £0.324 million
- retender of contract achieving £0.200 million
The 2021 to 2022 in-year capital programme for Delivery totals £2.615 million. There will also be carry forwards from the 2020 to 2021 financial year. The outline amounts for 2022 to 2023 and 2023 to 2024 are £4.435 million and £1.835 million respectively where full requirements are being evaluated.
The department has identified the following as budgets that can pose a risk to the council’s overall financial position. This is because they are vulnerable to significant changes in demand for a service.
Increased voids and void periods, resulting in reduced income.
Due to the nature of this service area, planning is difficult and just one child leaving or joining the borough can have a big impact on the budget.