Issue - meetings

To consider a report of the Borough Treasurer.

The report provides Schools’ Forum members with the final detailed analysis of the total school balances position recorded as at 31 March 2019.

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 requested to note the report and offer any 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 the final detailed analysis of the total school balances position recorded as at 31 March 2019.

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.

The following comments were made/issues raised:

A short discussion took place relating to:

·         Many schools were still facing difficult financial positions;

·         Many schools were having to reduce staffing levels;

·         Final outturn figures did not always provide detail of the fuller picture for every individual school.

RESOLVED (i) That the report be noted.