Revenue Budget 2024-25 - Update No 3
Perth and Kinross Council · 5 February 2025
Back to Finance and Resources Committee — 5 February 2025 and its agenda
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Perth and Kinross Council Finance and Resources Committee 5 February 2025 Revenue Budget 2024/25 – Update No. 3 Contact Officer: Scott Walker, Chief Finance Officer (Report No. 25/24) 1. Purpose 1.1 This report provides an update on progress with the 2024/25 General Fund Revenue Budget based upon the November 2024 ledger, updated for any subsequent known material movements, and the projected financial position of the Housing Revenue Account. 1.2 The total net projected under spend on the 2024/25 General Fund Management Budget is £1.155 million (see Appendix 1). 2. Recommendations The Committee is requested to: (i) note the contents of the report, (ii) note the projected outturn for General Fund Services set out in Section 5 and Appendix 1 and 2, (iii) note the projected outturn for Corporate Budgets set out in Section 6, (iv) note the funding update provided in Section 7, (v) note the projected outturn for the Housing Revenue Account, which is summarised in Section 8 and Appendix 4, (vi) approve the adjustments to the 2024/25 Management Revenue Budget (vii) detailed in Sections 9, 10 & 11 and Appendices 1, 2, 4, 5, 6, and 7, (viii) note the financial risks set out in Section 12 and Appendix 8. 3. Structure Section 4 Background Section 5 Revenue Monitoring – Service Budgets Section 6 Revenue Monitoring – Corporate Budgets Section 7 Revenue Monitoring – Funding Section 8 Revenue Monitoring – Other Updates Section 9 2024/25 Additional Funding Section 10 2024/25 Virements Section 11 2024/25 Movements in Reserves Section 12 Financial Risks Section 13 Conclusions
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4. Background 4.1 This report updates the Committee on progress with the 2024/25 Revenue Budget. Appendix 1 to this report summarises the current projected year end (outturn) position for each Service based upon the November 2024 ledger, updated for any subsequent known material movements. 4.2 The budget reflected in Column 1 of Appendix 1 to this report is that approved by the Council in setting the final 2024/25 Revenue Budget on 28 February 2024 (Report No. 24/63 refers). In addition, adjustments approved by the Finance & Resources Committee on 24 April, 18 September 2024 and 20 November 2024 (Report Nos. 24/130, 24/260 and 24/318 refer) are reflected in Appendix 1 (Column 2). 5. Revenue Monitoring – Service Budgets 5.1 The total net projected under spend on Service budgets, which is summarised in Section 1 of Appendix 1 to this report, is £1.111 million which represents 0.3% of total net Service expenditure. Since the last update, this is a positive movement of £2.040 million. 5.2 Details of variances against individual Service budgets are shown in Appendix 2 to this report with the most significant variances summarised below. 5.3 The management of Service over and under spends are considered throughout the financial year and may also form part of the Revenue Budget strategy for future years. 5.4 There remains a risk that the Council continues to experience increases in costs over the short to medium term that are higher than budgeted. Going forward, this may continue to have an impact on projected outturns and future years’ budgets. Education and Learning 5.5 The projected outturn for Education and Learning excluding Devolved School Management (DSM) and the Pupil Equity Fund (PEF) is currently anticipated to be on target against budgets which represents a movement of £1.164 million from the last update. The individual elements contributing to this movement are summarised in the following table with commentary on the significant movements below. Function Projected Outturn Movement £’000 % £’000 Education & Learning Core Under spend (23) (1.7) (18) Nursery Sector Under spend (976) (4.0) (299) Primary Sector Over spend 1,064 2.3 (264) Secondary Sector Under spend (466) (9.1) (546) Special Sector Over spend 7 - (11) Home to School Transport Over spend 394 3.7 (26) TOTAL On Target - - (1,164)
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5.6 In the Nursery Sector, there is an increase in the projected under spend of £299,000 due to additional staff slippage and reduced demand for deferred places. 5.7 In the Primary Sector there is a reduction in the projected over spend of £264,000 due to reduced expenditure on supply teachers, in part during the strike days in October 2024. 5.8 Within the Secondary Sector, there is a reduction in the projected over spend of £546,000 due to a reduction in pupil rolls partially offset by increased loan charges. 5.9 In Home to School Transport there is a reduction in the projected over spend of £26,000 following inclusion of savings from the strike days in October 2024. 5.10 The Devolved School Management Scheme is currently projected to under spend by £200,000. However, some schools are experiencing challenges in delivering approved staff slippage targets and facing inflationary pressures against budgets that have been reduced over previous years. The budgets for the Devolved School Management scheme are allocated by financial year (April – March), whereas expenditure is incurred by academic year (August – June). 5.11 At this stage of the academic year, expenditure met from the Pupil Equity Fund (PEF) is projected to be £100,000 less than the allocation from the Scottish Government of £1.864 million. It is anticipated that the projected under spend on teacher and support costs will be carried forward to 2025/26 to meet commitments. The budgets for the Pupil Equity Fund scheme are allocated by financial year, whereas expenditure is incurred by academic year. Children, Families and Justice 5.12 The projected outturn for Children, Families and Justice is £387,000 or 1.4% less than budget which represents a movement of £387,000 from the last update. The individual elements contributing to this position are summarised in the following table with narrative on the significant variances below. Function Projected Outturn Movement £’000 % £’000 Children & Families Under spend (387) (1.7) (387) Justice Service On target 0 - - TOTAL Under spend (387) (1.4) (387) 5.13 There is an increase in the projected under spend on foster, kinship and adoption payments and additional income, partially offset by further pressures on residential placements and not achieving budgeted slippage targets.
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Economy, Development and Planning 5.14 The projected outturn for Economy, Development and Planning is currently anticipated to be £30,000 or 0.2% less than budget which represents a movement of £90,000 from the last update. The individual elements contributing to this position are summarised in the following table with narrative on the significant variances below. Function Projected Outturn Movement £’000 % £’000 Service Wide Under spend (175) (2.5) (75) Business and Investment Over spend 105 14.6 35 Tourism, Culture and Place Over spend 150 1.4 - Development Management and Building Standards Under spend (110) - (50) TOTAL Under spend (30) (0.2) (90) 5.15 Service Wide there is an increase in the projected under spend of £75,000 due to staff slippage in excess of budgeted levels. 5.16 In Development Management and Building Standards there is an increase in the projected under spend of £50,000 due to additional planning & building warrant income. Environment and Infrastructure 5.17 The projected outturn for Environment and Infrastructure is currently anticipated to be £480,000 or 1.4% less than budget which represents a movement of £50,000 from the last update. The individual elements contributing to this position are summarised in the following table with narrative on the significant variances below. Function Projected Outturn Movement £’000 % £’000 Service Wide Under spend (300) (1.7) (50) Traffic & Network Under spend (50) (4.6) - Waste Disposal Under spend (350) (4.1) - Refuse Collection Over spend 100 2.2 100 Fleet Over spend 120 - - TOTAL Under spend (480) (1.4) 50 5.18 Service Wide there is an increase in the projected under spend of £50,000 due to staff slippage in excess of budgeted levels. 5.19 Across Waste Disposal, there is an increase in the level of income from sale of recyclates (£100,000) that is offset by additional costs relating to essential depot and site works (£100,000). 5.20 In Refuse Collection there is a projected over spend of £100,000 due to a shortfall in commercial waste income partially offset by savings on fuel.
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Housing and Communities 5.21 The projected outturn for Housing and Communities is currently anticipated to be £185,000 or 0.9% less than budget which represents a movement of £90,000 from the position last reported. The individual elements contributing to this movement are summarised in the following table with commentary on the significant movements below. Function Projected Outturn Movement £’000 % £’000 Service Wide Under spend (210) (2.4) (60) Housing General Fund Over spend 40 0.5 - Bereavement Services Over spend 15 1.9 - Public Transport Unit Under spend (30) (0.8) (30) TOTAL Under spend (185) (0.9) (90) 5.22 On a Service Wide basis, there is an increase in the projected under spend of £60,000 due to updated staff cost projections, partially offset by an increased bad debt provision. 5.23 Within the Public Transport Unit, there is a net projected under spend of £30,000 made up of additional income from departure charges partially offset by additional costs in relation to tendered services. Property Services 5.24 The projected outturn for Property Services is currently anticipated to be £550,000 or 0.8% more than budget which represents a movement of £99,000 from the position last reported. The individual elements contributing to this movement are summarised in the following table with commentary on the significant movements below. Function Projected Outturn Movement £’000 % £’000 Service Wide Over spend 385 0.6 57 Energy Under spend (324) (3.8) (85) Maintenance Over spend 150 3.2 0 Facilities Management Over spend 339 5.5 99 Catering On target - 0 (170) TOTAL Over spend 550 0.8 (99) 5.25 On a Service Wide basis, there is a net increase in the projected over spend of £57,000 following an update on staff and other costs alongside income projections. 5.26 On Energy, there is an increase in the projected under spend of £85,000 due to updated rates and consumption information. 5.27 In Facilities Management, there is an increase in the projected over spend of £99,000 due to delays in implementing the new cleaning regime.
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5.28 In Catering, there is a reduction in the projected over spend of £170,000 due to a fall in the uptake of school meals. Legal and Governance 5.29 Within Legal and Governance there is a projected under spend of £9,000 or 0.2% which represents a movement of £87,000. This movement is the result of updated staff and other cost projections alongside income assumptions. Customer and Digital 5.30 The projected outturn for Customer and Digital is currently anticipated to be £119,000 or 1% more than budget which represents an increase of £30,000 from the last update. The individual elements contributing to this movement are summarised in the following table with commentary on the significant movements below. Function Projected Outturn Movement £’000 % £’000 IT Over spend 69 1.2 0 Revenues & Benefits Over spend 50 0.8 30 TOTAL Over spend 119 1.0 30 5.31 In Revenues and Benefits there is a net increase in the projected over spend of £30,000 due to updated projections on staff and other costs. Strategic Planning and Performance 5.32 Within Strategic Planning and Performance, there is a projected under spend of £202,000 or 3.3% which represents an increase of £140,000 due to the accelerated delivery of approved savings. Finance and Business Support 5.33 The projected outturn for Finance and Business Support is currently anticipated to be £507,000 or 5.7% less than budget which represents an increase of £63,000 since the last update. The individual elements contributing to this movement are summarised in the following table with commentary on the significant variances below. Function Projected Outturn Movement £’000 % £’000 Finance Under spend (31) 0.0 (35) Business Support Under spend (476) (12.5) (28) TOTAL Under spend (507) (5.7) (63) 5.34 Across both functions there are increases in the projected under spends, primarily on staff costs due to the accelerated delivery of approved savings.
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6. Revenue Monitoring – Corporate Budgets 6.1 Included within Section 2 of Appendix 1 is an update on the Council’s Corporate budgets. More information on variances against individual budget headings are set out below. Health & Social care 6.2 On 11 December 2024, Perth and Kinross Integration Joint Board received a report on the 2024/25 Financial Position (Report No. G/24/212 refers). After the application of earmarked Reserves and non-recurring funding, this report presented a projected over spend of £1.243 million. This position is consistent with many other integration joint boards who also face significant financial challenges in the current financial year. Further information on this position is set out in Appendix 3. 6.3 Of the projected over spend set out above, £189,000 related to Social Care and £1.054 million related to Health activity. Under the terms of the Integration Scheme, the Council is only exposed to the projected over spend in relation to Social Care. 6.4 The Integration Joint Board will be presented with a further update at its meeting on 19 March 2025. Council Tax Reduction Scheme 6.5 The application of the Council Tax Reduction Scheme is a statutory function for the Council. The promotion and encouragement of take up is a key responsibility for the Council, particularly when households are facing significant pressures on the cost of living. 6.6 The level of expenditure incurred by the Council is dependent upon two main drivers, firstly, the average number of weekly caseload and, secondly, the average value of weekly entitlements. 6.7 In the current financial year, the Council is supporting approximately 8,600 households across Perth and Kinross with the Council Tax Reduction Scheme with an average award of £16.91 per week. This results in a projected over spend on the Council Tax Reduction Scheme of approximately £150,000 which is reflected in Appendix 1. 7. Revenue Monitoring – Funding 7.1 Further information on the Council’s funding is set out within Section 3 of Appendix 1. More information on variances against individual budget headings are set out below. Council Tax Income 7.2 The amount of income the Council will generate from Council Tax is dependent on two main factors, firstly the collection levels and secondly, the number of Band D properties on the Valuation Roll.
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7.3 Monitoring of Council Tax collection levels is carried out monthly. The following graph sets out collection performance to 31 December 2024 together with prior year comparative figures for the previous five financial years. 7.4 Between 2019/20 and 2023/24, the average collection figure to 31 December was 81.61%. The actual collection figure to 31 December 2024 was 81.17% which is 0.44% less than the five-year average and 0.32% less than the comparable position in 2023. 7.5 Secondly, in setting the Council’s Revenue Budget, assumptions are made on increases in the number of Band D equivalent properties. The graph set out below suggests that actual growth levels are in line with budget assumptions.
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7.6 Given the 2024/25 collection information set out above and the growth in the number of Band D equivalent properties, it is currently anticipated that Council Tax income will exceed the budget by £250,000 in the current financial year which is reflected in Appendix 1. Non-Domestic Rates 7.7 The actual collection rate to 31 December 2024 was 81.38%, compared to 79.98% for the same period in 2023/24. 8. Revenue Monitoring – Other Updates Impact on Arm’s Length External Organisations (ALEOs) 8.1 The Council continues to work closely with its three Arm’s Length External Organisations (ALEOs) – Live Active Leisure (LAL), Perth Theatre & Concert Hall (PTCH) and Culture Perth & Kinross (CPK) who make an important contribution to the Corporate Plan through the current Culture, Physical Activity and Sport Strategies approved by Council in May 2023. 8.2 Currently, for the current financial year, Live Active Leisure and Perth Theatre and Concert Hall are projecting deficits that are in line with their approved budgets. 8.3 Culture Perth and Kinross are currently projecting a deficit for 2024/25 that is significantly more than the level originally budgeted. They have experienced additional costs relating to the current year pay award, to historic equal pay claims and to the running costs of their establishments, particularly Perth Museum.
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8.4 Should these projections come to bear, Culture Perth and Kinross will have negative unrestricted reserves as at 31 March 2025. 8.5 Council officers will continue to work with Culture Perth and Kinross to provide support and challenge but ultimately there may be a requirement to provide additional funding in the current year. 8.6 The Council previously agreed to underwrite costs of up to £170,000 in relation to the opening of the Museum, particularly the café located within the facility. This support has not been required to date, and the budget is currently sitting within Economy, Development and Planning. 8.7 Approval is sought to delegate responsibility for providing this additional financial support to the Chief Finance Officer. Any payment will only be made if absolutely required in order to ensure the financial position of Culture Perth and Kinross at 31 March 2025. 8.8 The long-term sustainability of the Council’s ALEOs across future financial years remains challenging. The Council’s Transformation and Change Programme includes a review of ALEOs, and the Council will be asked to consider options on future models of service delivery later this year. Tayside Contracts 8.9 The operating environment for Tayside Contracts remains challenging. They continue to experience significant inflationary pressures on the price of staple foods – beyond that of the headline CPI and RPI rates quote more widely. 8.10 Tayside Contracts continue to identify mitigating actions, and the three constituent Councils are looking at how they may assist. Work continues between officers of the Council and Tayside Contracts to further refine these projections. 8.11 Given the financial challenges facing Tayside Contracts, there is a risk that the budgeted amount from the Trading Operations surplus of £550,000 will not be received in the current year. Housing Revenue Account 8.12 The Housing Revenue Account is currently projected to break even in the current financial year. The main elements are summarised below and set out in Appendix 5. 8.13 Across the Housing Revenue Account activity there is a net reduction in the projected under spend of £23,000. Within this movement, additional rental income and a reduction in the bad debt provision is partially offset by additional expenditure on repairs, insurance and Council Tax. 8.14 As a result of the variances identified above Capital from Current Revenue will reduce by £23,000.
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9. 2024/25 Additional Funding 9.1 Since elected members were provided with the 2024/25 Revenue Budget update on 20 November 2024 (Report No. 24/318 refers), notification has been received of additional resources in the current financial year from several sources as set out below. To ensure that the 2024/25 Management Budget continues to reflect the operational requirements of the Council, several adjustments are required, which are summarised below and included in Appendix 1 and Appendix 6. Scottish Government – Revenue Support Grant: • Maintain Teacher Numbers: £3.625 million (Education and Learning) • Teacher Induction Scheme: £106,000 (Education and Learning) • Teachers’ Superannuation: £2.258 million (Education and Learning) • SNCT Pay Offer: £760,000 (Education and Learning) • Ukraine Funding: £129,000 (Housing and Communities) • Scottish Welfare Fund: £368,000 (Customer and Digital Services) • Net other movements: reduction of £62,000 (Reserves) Scottish Government – Ring Fenced Grant • Pupil Equity Fund: reduction of £10,000 (Education and Learning) 9.2 The Scottish Government has advised that the increase in Revenue Support Grant identified above of £7.184 million and reduction in Ring Fenced Grant of £10,000 will be made through a redetermination of the Council’s funding. It is therefore necessary to adjust budgets for Education and Learning, Housing and Communities, Customer and Digital Services, Reserves and Revenue Support Grant. 9.3 Action: The Council is asked to approve the adjustments set out at paragraphs 9.1 and 9.2 which are reflected in Appendix 1 (Column 3) to this report. Other Funding 9.4 Other funding amounting to £1.885 million will be paid outside the Revenue Support Grant mechanism as Other Grant income and is, therefore, cost neutral in terms of the budget summary. Details of this funding is set out in Appendix 5. 9.5 Action: The Committee is asked to note the receipt of £1.885 million of additional resources, with this funding being reflected within Education and Learning, Children, Families and Justice, Economy, Development and Planning, Environment and Infrastructure and Housing and Communities as additional grant income. The current projected outturn assumes that all these additional resources will be fully expended in 2024/25 or will be carried forward under the terms of the grant award.
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10. 2024/25 Virements Contribution to/from Capital Fund 10.1 In line with the strategy for managing the Council’s Capital Programme over the medium term, it is recommended that the eventual over or under spend on Capital Financing Costs and Interest on Revenue Balances be transferred from or to the Capital Fund. 10.2 The latest monitoring indicates a projected increase in capital financing costs (loan charges) of £16,000 based on the latest treasury management activity and a reduction of £209,000 in income from interest on revenue balances due to reduced cashflows. This will result in a reduced Contribution to the Capital Fund of £225,000 in the current financial year. 10.3 Action: The Committee is requested to approve the virement of £16,000 to the Capital Financing Costs (Loan Charges) Budget and £209,000 to Interest on Revenue Balances with a corresponding reduction in the projected Contribution to the Capital Fund. These adjustments have been reflected in Appendix 1 (Column 5) to this report. Service Virements 10.4 To ensure that the 2024/25 Management Revenue Budget continues to reflect current Service needs and operational requirements there are several virements that are reflected in Appendix 1 (column 5) that have been processed in line with the Scheme of Administration. 10.5 These adjustments include allocations of pay award funding, including support to ALEOs, Tayside Contracts and the Health and Social Care Partnership, and adjustments between Strategic Leads to ensure budgets are aligned with responsibility. 11. 2024/25 Movements in Reserves 11.1 Included at Appendix 6 is an update on the Council’s General Fund Reserves. The appendix includes the following: • Earmarked and unearmarked Reserves at 31 March 2024 (per unaudited Annual Accounts). • previously approved contributions to and from earmarked Reserves in 2024/25. 2025/26 and 2026/27. • The impact of proposals within this report on earmarked Reserves. • The impact of the latest revenue monitoring on the level of unearmarked Reserves. 11.2 The earmarked Reserves are brigaded under three headings as follows: i. Balances held under statute / regulation – these earmarked Reserves are prescribed under legislation and the Council has limited discretion in how they are applied.
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ii. Balances held for specific (previously approved) purposes – the purpose of these earmarked Reserves has been previously approved by Council in either the Reserves Strategy or Annual Accounts iii. Balances held for other purposes – the creation of these earmarked Reserves has been approved by Council, but not specific proposals. 11.3 Going forward proposals involving earmarked Reserves under i. and ii. above will be advised to Committee in summary as Council either has limited discretion or previously approved their application. Proposals to apply earmarked Reserves under iii. above will include more detail for elected member consideration. Balances Held Under Statute / Regulation 11.4 Approval is sought to draw down resources of £820,000 from the Council Tax Income for Affordable Housing earmarked Reserve. Funding of £120,000 will support the new house building at Weavers Gait, Kinross and £700,000 will contribute to the acquisitions of properties in Dunkeld. 11.5 Action: The Committee is asked to approve the transfer of £820,000 from the Council Tax Income for Affordable Housing earmarked Reserve to Housing & Communities. This adjustment is reflected in Appendix 1 (Column 5) to the report. Balances Held for Specific (Previously Approved) Purposes 11.6 These earmarked Reserves have previously been approved by elected members in their consideration of the Reserves Strategy or Annual Accounts. 11.7 Specifically, authority is sought to transfer: • £540,000 from Services to the Transformation and Workforce Management earmarked Reserve in line with actual spending profiles. • £370,000 from Customer and Digital to the Anti-Poverty earmarked Reserve following the receipt of additional funding from the Scottish Government. • £175,000 to Housing and Communities from the Community Resilience earmarked Reserve to fund projects and initiatives across Perth and Kinross. • £20,000 to Housing and Communities from the Community Investment Fund earmarked Reserve to support approved applications. • £420,000 to Housing and Communities from the Car Park earmarked Reserve for Rural Electric Vehicle Charging Points and Ticket issuing machines. 11.8 Action: The Committee is asked to approve the transfer to / from earmarked Reserves set out in paragraph 11.7 above. These adjustments are reflected in Appendix 1 (Column 5) to the report.
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11.9 In addition, in setting the 2024/25 Revenue Budget in February 2024, the Council approved expenditure to fund several specific initiatives. For a variety of reasons including consultation, capacity and timing issues, there has been slippage in the delivery of a few of these projects that may result in the expenditure not being incurred in the current financial year. Projects totalling £555,000 are set out at Appendix 7. 11.10 Should the Committee confirm that that the projects remain a priority for the Council then the balances set out in Appendix 7 will be transferred to an earmarked Reserve to ensure that the funding is in place to ensure delivery. The final outturn for individual projects may change before the end of the financial year, therefore, by agreeing the projects within Appendix 7, the Committee is confirming that the initiative remains a priority and that the final under spend will be earmarked within Reserves. 11.11 Should any of the projects no longer be a priority, the projected under spend would be available to support the financial management of the Council in both current and future financial years. 11.12 Action: The Committee is asked to confirm that the projects listed in Appendix 7 remain a priority and that the final under spends, currently projected at £555,000 are transferred to an earmarked Reserve to ensure delivery. These adjustments are reflected in Appendix 1 (Column 5) to the report. 11.13 In November 2024, the events planned for the weekend of the Christmas lights switch on were cancelled due to inclement weather. This is now subject to an ongoing insurance claim so that the Council recovers the costs that had been incurred. Should this claim be successful, and the refund is received prior to 31 March 2025, approval is sought to create an earmarked Reserve for events so that the funding is available to augment activity in future years. 11.14 Action: Subject to a successful insurance claim by 31 March 2025, approval is sought to transfer the receipt to an earmarked Reserve to support events in future financial years. Unearmarked Reserves – Savings from Strikes 11.15 During October 2024, industrial action in the form of strikes took place in schools across Perth and Kinross. This resulted in direct staff savings of £883,000 which will be removed from Education and Learning and applied to unearmarked Reserves. This adjustment is included in Appendix 1 and included in Appendix 6. 11.16 Action: The Committee is asked to approve the transfer of £883,000 which is the saving on the strikes that took place in October 2024 from Education and Learning to unearmarked Reserves. This adjustment is reflected in Appendix 1 (Column 5) to the report.
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12. Financial Risks 12.1 In preparing the Council's 2024/25 revenue monitoring, officers have considered the key strategic, operational and financial risks facing the Council over this period. Whilst the risks may be managed in the current financial year, there is the potential for there to be an impact in the future. 12.2 To alleviate the impact these risks may have if they occur, a number of general risk mitigation factors are utilised by the Council which include detailed budget monitoring carried out by Services and having general fund balances available to meet unforeseen expenditure. 12.3 Risks are captured within the body of the report with a summary being maintained in Appendix 8. 12.4 Two risks have been removed for the current year with confirmation of funding for the following: • Current Year Pay Awards • Funding o Pupil Teacher Ratio o Teachers Superannuation Costs 13. Conclusion 13.1 Based on the November 2024 ledger, a projected under spend of £1.155 million has been identified in the current financial year. 13.2 This level of projected under spend, along with the transfer included at paragraph 11.15 will result in an increase in the level of unearmarked Reserves to £17.979 million or 3.8% (see Appendix 6). 13.3 The financial position of the Council and its partners including the Health & Social Care Partnership and the ALEOs remains challenging and regular updates will be provided to the Council and the Finance and Resources Committee as the position develops. APPROVED Name Designation Date Scott Walker Chief Finance Officer 21 January 2025
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ANNEX 1. Implications, Assessments, Consultation and Communication Strategic Implications Yes / None Community Plan / Single Outcome Agreement None Corporate Plan Yes Resource Implications Financial Yes Workforce Yes Asset Management (land, property, IST) Yes Assessments Equality Impact Assessment Yes Strategic Environmental Assessment Yes Sustainability (community, economic, environmental) Yes Legal and Governance None Risk None Consultation Internal Yes External None Communication Communications Plan None 1. Strategic Implications Corporate Plan 1.1 The Council’s Corporate Plan 2022 – 2027 lays out seven outcome focussed strategic objectives which provide clear strategic direction, inform decisions at a corporate and service level and shape resources allocation. They are as follows: • Tackling poverty • Tackling climate change and supporting sustainable places • Growing a sustainable and inclusive local economy • Enabling our children and young people to achieve their full potential • Protecting and caring for our most vulnerable people • Supporting and promoting physical and mental wellbeing • Placing communities at the heart of how we work 1.2 This report relates to all these objectives. 2. Resource Implications Financial 2.1 There are no direct financial implications arising from this report other than those reported within the body of the main report.
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Workforce 2.2 There are no direct workforce implications arising from this report other than those reported within the body of the main report. Asset Management (land, property, IT) 2.3 There are no direct asset management implications arising from this report other than those reported within the body of the main report. 3. Assessments Equality Impact Assessment 3.1 Under the Equality Act 2010, the Council is required to eliminate discrimination, advance equality of opportunity, and foster good relations between equality groups. Carrying out Equality Impact Assessments for plans and policies allows the Council to demonstrate that it is meeting these duties. 3.2 The information contained within this report has been considered under the Corporate Equalities Impact Assessment process (EqIA) and has been assessed as not relevant for the purposes of EqIA. Strategic Environmental Assessment 3.3 The Environmental Assessment (Scotland) Act 2005 places a duty on the Council to identify and assess the environmental consequences of its proposals. 3.4 The information contained within this report has been considered under the Act. However, no action is required as the Act does not apply to the matters presented in this report. Sustainability 3.5 Under the provisions of the Local Government in Scotland Act 2003 the Council must discharge its duties in a way which contributes to the achievement of sustainable development. In terms of the Climate Change Act, the Council has a general duty to demonstrate its commitment to sustainability and the community, environmental and economic impacts of its actions. 3.6 The information contained within this report has been considered under the Act. However, no action is required as the Act does not apply to the matters presented in this report.
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4. Consultation Internal 4.1 The Strategic Leadership Team have been consulted in the preparation of this report. 2. BACKGROUND PAPERS 2.1 No background papers, as defined by Section 50D of the Local Government (Scotland) Act 1973 (other than any containing confidential or exempt information) were relied on to any material extent in preparing the above report. 3. APPENDICES Appendix 1 – 2024/25 Management Budget Appendix 2 – General Fund 2024/25 Projected Outturn – Service Analysis Appendix 3 – Perth & Kinross IJB 2024/25 outturn Appendix 4 – Housing Revenue Account 2024/25 Projected Outturn Appendix 5 – Other Fundings Appendix 6 – General Fund Balances Appendix 7 – Council Approved Revenue Budget Flexibility 2024/25 Appendix 8 – Financial Risks