Issue - meetings

To consider a report of the Borough Treasurer.

The report provides Schools’ Forum members with an update on the level of school reserves held in relation to insurance schemes that are administered by the Local Authority (LA).

Schools Forum members are asked to:

a)    Note the above report;

b)   Support the LA proposals for no further action to be taken; and

c)    Offer any further comments

Officer contact: Peter Hughes on 0161 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 Schools’ Forum members with an update on the level of school reserves held in relation to the insurance schemes that are administered by the Local Authority on behalf of schools (i.e. Long Term Sickness and Balance of Risks).

The following comments were made/issues raised:

·         A query was raised in relation to the increased administrative recharge to be applied to each of the schemes in 2017/18 as per section 3.5 of the report.

RESOLVED (i) – That the report be noted.

(ii) The Schools Forum support the Local Authority proposal for no further action.