Issue - meetings

Purpose

To inform the Cabinet Member for Education of the projected revenue cash limit expenditure within the portfolio cash limit and capital programme for the current financial year 2016-17.  This report sets out the budget position and contributing factors to the projected underspend within the portfolio as at the end of December 2016.

RECOMMENDED

That the Cabinet Member notes the Education Portfolio forecast revenue and capital budget positions as at end of December 2016 together with the variance and pressure explanations.

(TAKE IN REPORT)

Richard Webb, Finance Manager introduced the report.

In response to a question from Councillor Denny regarding the underspend in school improvement, Mike Stoneman advised that this was due to some of the team resigning and the holding of some of the posts vacant.  The new arrangement under the Portsmouth Education Partnership was a much more robust model and aligned with the forthcoming changes to Local Authority responsibility for School Improvement. 

DECISION:

The Cabinet Member noted the Education Portfolio forecast revenue and capital budget positions as at end of December 2016 together with the variance and pressure explanations.