Issue - meetings

Purpose of report

To inform the Cabinet Member for Education of the projected revenue expenditure within the Dedicated Schools Grant (DSG) for the current financial year 2016-17 as at the end of the first quarter.  This report sets out the forecast budget position for the year-end as at the 30th of June 2016.

RECOMMENDED

That the Cabinet Member notes the forecast year-end budget position for the Dedicated Schools Grant as at the end 30 June 2016, together with the associated explanations contained within the report.

(TAKE IN REPORT)

The report was introduced by Alison Egerton, Group Accountant - Schools and Traded Services. In response to questions, the following matters were clarified:

·         The forecast underspend in respect of alternative provision place funding is expected to reduce to nil in Quarter 2 as the two emergency places at Flying Bull Academy have now been agreed.

·         Two special schools are currently forecasting significant deficits, which will potentially place increased financial pressure on the DSG budget in the future. These deficits are being closely monitored and officers are working with the schools to seek to mitigate them.

DECISION:

The Cabinet Member noted the forecast year-end budget position for the Dedicated Schools Grant as at the end 30 June 2016, together with the associated explanations contained within the report.