Issue - meetings

Purpose of report

The purpose of this report is to inform the Cabinet Member of the year-end outturn position as at the end of March 2016 for the Dedicated Schools Grant (DSG) and to propose revisions to the DSG budget for 2016-17.

RECOMMENDED that the Cabinet Member:

(1)  Note the year-end outturn budget position for the Dedicated Schools Grant as at the end of March 2016 and the variance explanations contained within this report.

(2)  Approve the revised DSG budget for 2016-17 as set out in Appendix 1.

(TAKE IN REPORT)

The report was introduced by Alison Egerton, Group Accountant.  In response to a question the following point was clarified:

·         As mainstream schools continue convert to Academy status, the 2016/17 budget will need to be revised throughout the year to reflect the fact that their funding will be paid directly by the Education Funding Agency and not via the Council.

DECISION: The Cabinet member:

(1)  Noted the year-end outturn budget position for the Dedicated Schools Grant as at the end of March 2016 and the variance explanations contained within this report.

(2)  Approved the revised DSG budget for 2016-17 as set out in Appendix 1.