Issue - meetings

To consider the attached report of the Director, Education (Tameside and Stockport)

Consideration was given to a report from the Assistant Director, Finance, which outlined the changes to Tameside Scheme of financing for Schools.  It was noted that changes were needed to the scheme to update for DfE directed changes and to reflect local changes.

Members were made aware that there had been a directed revision of the Salix Scheme, which had now been removed from the Scheme of Financing and this scheme had now been closed.

With regard to local revisions, this was in relation to the budget share, which was payable from the LA to schools and was in response to feedback, which had highlighted previous, additional administrative burdens. 

The revision was to change the payment of budget shares to schools from12 monthly instalments to 10.  The total sum would be divided in equal 11th’s and paid to schools in 10 instalments, which would be paid in all months except March, with 2/11ths paid in July.

This change had undergone a period of consultation, where 79.17% of respondents had supported the suggested changes.

RESOLVED

(i)   That the Secretary of State’s directed revisions for inclusion in the scheme be noted

(ii)  That changes to the Tameside Scheme of Financing for Maintained Schools be agreed