Agenda item

To receive and consider a report giving details of excess balances and the future use criteria.

The Forum received and considered a report giving details of excess balances and the future use criteria, this was set out on the supplementary Agenda pages 11-12.

Following the discussions at the July meeting the recommendation that the Excess Balance Clawback Scheme be discontinued and an amendment to the Scheme for Financing Schools be implemented was agreed.

RESOLVED That: the Forum endorses the recommendation to no longer operate the Excess Balance Clawback Scheme.