Issue - meetings
Financial Monitoring Report : Childern, Families and Education 200/8/09
Meeting: 13/11/2008 - Children, Families and Education Policy Overview Committee (Item 137)
137 Financial Quarterly Monitoring Report 200/8/09 
PDF 64 KB
Additional documents:
- Item B1 - Budget Monitoring - Appendix 1, item 137
PDF 132 KB
- Item B1 - Budget monitoring - Appendix 2, item 137
PDF 52 KB
- Item B1 - Budget Monitoring - Appendix 3, item 137
PDF 48 KB
- Webcast for Financial Quarterly Monitoring Report 200/8/09
Minutes:
(1) The Committee received the second report on the forecast outturn against budget for the Children Families and Education (CFE) Directorate for 2008/09. It also includes a further update on the position on schools as requested by Members.
(2) In response to questions about the clawing back of reserves held by schools above 5%, Mr Abbott explained that KCC did look at why the school had built up the reserve and recognised that due to pooled budgets and the need to accrue funds over a number of years that these additional reserves were necessary in some cases. However, he pointed out that schools held nearly £20m in reserves for unspecified purposes. Also schools had been given 18 months notice to enable them to spend additional reserves wisely.
(3) Mr Ward confirmed that the Kent had received £32m for the Primary Capital Programme.
(4) RESOLVED that the projected outturn figures for the directorate and the position on schools be noted.