Issue - meetings

To consider a report of the Borough Treasurer

The report provides School Forum members with the final detailed analysis of the total school balances position recorded as at 31 March 2017.

The report also provides details of the application of the excessive school surplus balance mechanism process applied to schools reporting a surplus balance above the 12% threshold level as per the Scheme for Financing Schools document.

Schools Forum Members are asked to note the report.

Officer contact:  Peter Hughes on 474 3947 or email: peter.hughes@stockport.gov.uk

A representative of the Borough Treasurer submitted a report (copies of which had been circulated) which provided School’s Forum members with the final detailed analysis of the total school balances position recorded as at 31 March 2017.

The report also provided details of the application of the excessive school surplus balance mechanism process applied to schools reporting a surplus balance above the 12% threshold level as per the Scheme for Financing Schools document.

RESOLVED – (i) That the report be noted.

(ii) That a further update on outcomes of excessive surplus balance control mechanism to be provided as soon as possible.