FOI request (FOIR-518757152)

Funding Shortfall

Requested Wed 24 May 2023
Responded Thu 29 June 2023

We are carrying out a Freedom of Information request to try and ascertain the scale of the funding challenge that local councils are facing in the medium-term future. Please can you answer the following questions:

1. What is your current predicted funding gap by the end of the financial year 2024/25?

2. What is your current predicted cumulative funding gap by the end of the financial year 2025/26?

Response

Please accept my apologies for the delay in responding.

1. £1.9m is forecast to be used from General Reserves in 2024/25 to balance the deficit.

2. £5.1m is forecast to be required to be funded cumulatively by the General Reserve by the end of 2025/26.