(1) Mr Abbott introduced the report advising that due to the timing of this meeting, meant that the detailed reports on the final outturn position for 1007/08 would be reported to the next meeting of this Committee once the 2007/08 accounts had been closed and audited, therefore this report provided a very brief update based upon the most recent March “exception” report. He was forecasting a break even.
(2) A response to a request Mr Abbott agreed to forward separately the results of the final outturn position to the Committee outside the meeting.
(3) In response to a question, Mr Abbott advised that schools needed to take early action before the third year in the budget showed a deficit as the consequences of delaying any action would mean a long time to recover.
(4) RESOLVED that the projected outturn figures for the directorate as at the March “exception report be noted.