Issue - meetings

To consider a report of the Borough Treasurer.

The report provides Schools’ Forum members with an update on the 2016/17 School balances and the locally agreed excessive surplus balance control mechanism.

Schools Forum Members are asked to:

a)    Note the report and

b)   Give a view as to how the surplus monies held centrally should be re-deployed.

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 2016/17 School balances and the locally agreed excessive surplus balance control mechanism.

The following comments were made/issues raised:

·         Members felt that it was hard to argue that there was not enough money in the system when there are excessive balances.

·         Members asked whether the money could be used for children who arrive at school mid-year.

·         Members were advised that some balances had been high for a number of years and that it was important that those who were saving for a particular project, be protected.

·         It was felt that if balances were recorded in August they this would be a more accurate reflection of the situation.

·         Secondary school balances were a real concern and could be a big issue going forward.

RESOLVED (i) That the report be noted.

(ii) That the monies clawed back from schools be added to the DSG reserve to support the budget sustainability issues/cost pressure within the high needs block.