Issue - meetings

Purpose

The purpose of this report is to inform Cabinet Member of the level of Local Authority maintained schools' revenue and capital balances at 31 March 2024.

The Group Accountant introduced the report and explained that it sets out the level of Local Authority maintained schools' revenue and capital balances at 31 March 2024.  She also explained that whilst some schools may not have met the agreed criteria for reducing balances at the end of the previous financial year, the authority is in contact with those seeing financial pressures in 2024-25 and are with working with them to maintain financial stability. 

Comments

Councillor Suzy Horton thanked officers for all the work done to support schools manage their budgets during these tough times, adding that she was aware that this support is valued by schools. 

The Cabinet Member noted the information report.