Issue - meetings

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

Katherine Vernon presented the 2020/21 Revenue Monitoring report.

Katherine Vernon stated that an in-year deficit of £2.76m was projected, with the budget pressure continuing to be within the High Needs Block.  Taken with the brought forward deficit of £3.36m, a forecast cumulative deficit of £6.12m was projected to 31 March 2021.

Katherine Vernon stated that this represented a positive improvement of £145k (smaller deficit) on that reported previously to Schools Forum, with the main movements due to:

Savings:

·           Addington – January starters on lower bands than previously forecast

·           Post-16 – expected learners did not start in September

·           Wokingham Resource Base – leaver

·       Offset by costs

·           Increase in Wokingham academy mainstream top-ups

Katherine Vernon pointed out that a forecast column had been added to the report, as per Forum’s request.

Lynne Samuel stated that going forward, reports would include more information on activity data.

REOLVED That the report be noted.