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Details

Status:
Decision Confirmed
Title:
Integrated Finance Monitoring Report for the period ending 31 May 2024
Details of decision Proposed/Taken
Delegate authority to the Executive Director of Finance and Resources, in consultation with the Chair and Vice-Chair of this committee, to agree where appropriate deficit budgets for the schools listed in 5.4.3 of Annex A.
Date Decision Taken at Committee
Tue 9 Jul 2024
Directorate
Finance and Resources
Contact for Background Papers:

Stephen Howarth, Head of Finance, stephen.howarth@cambridgeshire.gov.uk

 

Background Papers:

Place & Sustainability Finance Monitoring Report (May 2024)

Children, Education & Families FMR (May 2024)

Adults & Public Health FMR (May 2024)

Finance & Resources and Strategy & Partnerships FMR (May 2024)

Decision Type:
Officer
Decision Maker:
Michael Hudson
Is Decision County Wide:
Yes
Budget Provision:

Schools are facing increasing financial pressures, however, alongside structural issues with funding. The structural funding issues are apparent in (some but not all) special schools, nursery schools, and smaller mainstream schools with falling rolls. There are also some local financial management issues in certain schools. As a result, for 2024-25 we have 13 schools at this stage indicating they need to set a deficit budget in excess of the £500k or 5% thresholds set out above. These are:

School Name Forecast 24/25 Deficit (including Community Focussed Activities) Planned Deficit as % of Budget

Colleges Nursery School -£123,719 -23.2%

Huntingdon Nursery School -£208,131 -37.0%

The Fields Early Years Centre -£198,937 -45.9%

Gt & Lt Shelford Primary School -£85,326 -8.8%

Hauxton Primary School -£85,606 -15.8%

Linton Infant School -£132,038 -17.4%

Lionel Walden Primary School -£216,637 -21.3%

Meridian Primary School -£73,609 -7.5%

Queen Emma Primary School -£536,538 -29.0%

St Anne's Primary School -£79,183 -8.1%

Wheatfields Primary School -£212,358 -15.0%

Castle Special School -£791,032 -14.9%

Samuel Pepys Special School -£155,825 -5.7%

Decision Options:
Work is ongoing with all of the schools listed above to continue to identify options for recovery in those individual schools. This will include reviewing class and staffing structures, efficiencies and income generation. In some case, particularly for nursery, special or small schools, structural issues with funding make recovery planning very challenging. 

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Decision History

Date & Time CreatedUser Full NameStatus DescriptionDetails
1
 Page 1 of 1, items 1 to 3 of 3.
08/07/2024 14:44:24Michelle RoweBusiness Item Created 
08/07/2024 14:49:52Michelle RoweGeneral Details Edited 
19/07/2024 10:32:26Tamar Oviatt-HamStatus ChangedDecision Confirmed [6]

Approval/Comments

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