Twenty-six Powys schools in £2m defecits
Wednesday 20th July 2011, 3:49PM BST.
Twenty-six schools across Powys will have budget deficits of more than £2 million by March next year, it has emerged.
Members of Powys County Council’s Cabinet committee will be told at a meeting next week that 21 primary schools and five secondary schools are planning for budget deficits.
But the remaining 80 primary, three special and eight secondary schools are planning for budget surpluses of nearly £3 million by the end of the financial year in March 2012.
Councillor Stephen Hayes, council’s cabinet member for learning and leisure, said under Welsh Assembly funding regulations the county council is required to license schools planning a deficit budget.
He said: “Under a scheme for financing schools we are allowed to license deficit budgets up to certain level – £50,000 for primary and £100,000 for secondary – provided that a balanced budget can be achieved within three years.
“Twenty six schools are planning deficit budgets at the end of the financial year, we are recommending that 14 are licensed by the Cabinet but that the remaining 12 are not licensed.”
He said: “Our officers will continue to work closely with the headteachers and governing bodies of schools to identify the reasons for the budget positions and develop solutions.”
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