Issue - meetings

Purpose of report

To inform the Cabinet Member of the level of maintained schools' revenue and capital balances as at 31^st March 2016.

RECOMMENDED

That the Cabinet Member notes the level of maintained schools' revenue balances and capital balances as at 31^st March 2016 as shown in Appendices 2 & 3.

(TAKE IN REPORT)

The report was introduced by Alison Egerton, Group Accountant. In response to questions the following points were clarified:

·         The Council could consider implementing a clawback mechanism but could only claw back uncommitted balances from maintained schools which would be re-distributed to both LA schools and academies.

·         The LA has written to all schools to remind them that they should ensure their funds are spent on improving education for pupils.  Officers are satisfied that the schools investigated within the report have plans for managing their resources.

·         Officers have strengthened the classification on committed and uncommitted balances and schools are aware that their balances are being monitored.

DECISION: The Cabinet Member noted the level of maintained schools' revenue balances and capital balances as at 31^st March 2016 as shown in Appendices 2 & 3.