Agenda item 4 - MTFS (Final) Cab 070213 , item 9. PDF 1 MB

Academies. Such adjustments will be funded during the year from the reserve with base budget
reductions made in the following years budget, ie if a school transfers to Academy status mid year
the council’s budget will be top-sliced mid year.
11. The reduction in school balances reflects those schools being awarded academy status and net use
of balances held by schools.
12. The forecast position for DSG under-spends including the carry forward from 2011/12 is estimated to
£5.8 million at 31st March 2013. It was agreed that unspent funds from 2011/12 would be retained
until the likely impact of the school funding reforms were known. This represents 1.6% of DSG.
Schools Forum will be considering how to use these balances at its meeting on the 9th January
2013.
13. General reserves are increasing by £1.2 million, as per the approved in 2012/13.
67