Issue - meetings

To receive a report containing details of the schools current financial position.

Katherine Vernon presented the 2019/20 Revenue Monitoring report.  She stated that there were no changes from the report presented in January.  The Forecast showed a projected overspend of £3.33m against a Budget of £142.86m, representing 2.3% of the Budget.

Lynne Samuel stated that although there were some small changes, they were not significant enough to change the Forecast report.

Derren Gray clarified that the Forecast overspend of £3.3m included a brought forward deficit from 2018/2019 of £1.6m and an in-year deficit of  £1.7m for 2019/20.

Members noted that there were no changes in the variance column.

RESOLVED That the report be noted.