School Finance update
Decision Maker: Education Scrutiny Committee
Decision status: Recommendations Approved
Is Key decision?: No
Update from the December meeting
Special measures funding impact
Andrew Good, Head of Service Financial Management (Development and Schools) presented a report that provided an update on Lancashire school finances and the support being provided for schools in financial difficulty.
Following the presentation of the report to the Committee, the following had been noted:
The total number of schools in deficit had fallen from 47 to 39 schools by the end of the 2018/19 financial year.
The number of Schools in Financial Deficit (SIFD) for both 2017/18 and 2018/19 was provided to the Committee, as detailed in the report. It was reported that the results were compared and showed a slight stabilisation with schools reducing their deficit.
In relation to the high needs block overspend, members were advised that discussions were underway with health authorities to support ongoing pressures through potential additional funding or enhanced provision.
Resolved: That, the report and the information provided be noted.
Report author: Andrew Good
Date of decision: 22/07/2019
Decided at meeting: 22/07/2019 - Education Scrutiny Committee