Decision Maker: Cabinet Member for Education
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To seek approval to requests from governing
bodies of schools with budget deficits to implement budget plans in
order to repay the deficits over more than one year, and to report
on the schools which have still to agree a deficit recovery
plan.
That the Cabinet Member:
a) Allows the two schools detailed in section 4.2 to recover their budget deficits over more than one financial year.
The recommendation relates only to two schools and therefore reflects the extensive work that takes place to help schools avoid getting into deficit.
Where a school does have financial difficulties, the need to manage these problems, and the associated risks to the LA, have to be balanced against the needs of the children currently in the school and the impact on teaching and learning of potential savings strategies. It is considered reasonable and proportionate to permit the two schools identified to recover the budget deficits identified which have been produced in conjunction with the Governing Body.
Not applicable, as schools are required by regulations of Derbyshire’s Scheme for Financing Schools to balance their budgets over time.
Publication date: 20/07/2022
Date of decision: 20/07/2022
Effective from: 28/07/2022
Accompanying Documents: