Issue - meetings

To receive a report containing the current schools’ financial position.

The 2020/21 Revenue Monitoring report was presented by Katherine Vernon, Schools Finance Manager.

Katherine Vernon stated that an in-year deficit of £2.86 million was projected, with the budget pressure continuing to be within the High Needs Block (HNB).  Taken with the brought forward deficit of £3.36 million, a forecast cumulative deficit of £6.22 million was projected to 31 March 2021.

Katherine Vernon confirmed that this represented an adverse movement of £109k on that reported at the last meeting of Schools Forum.  The main movements were due to:

·           An update to forecast to reflect uplifted Children and Young People In Therapy (CYPIT) contract cost; and

·           Other costs such as cost of tutoring, Direct Payments and Personal Budgets being higher than previously forecast.  A review of expenditure in this area continues to be part of understanding the impact of Covid.

RESOLVED That the report be noted.