Issue details

Local Management of Schools - Scheme amendment

 

 

The Department for Education has advised that the Consistent Financial Reporting guidance does not permit schools revenue funding to be transferred to capital in advance of spend. This requires that the Committed Revenue balances category is implemented and removed from the 20% balance clawback calculation within the Local Management of Schools Scheme (LMS). Local Authority school members of Schools Forum is asked to approve the change for the 2022/23 financial year.

Decision type: Non-key

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 19/12/2022

Decision due: 13 January 2023 by Herefordshire Schools Forum

Lead member: Cabinet member children and families

Lead director: Service Director - Education, Skills and Learning

Department: Children and Young People

Contact: Malcolm Green, Strategic Finance Manager Email: malcolm.green@herefordshire.gov.uk Tel: 01432 260818.

Consultees

All local authority maintained schools

Agenda items

Documents

  • Local Management of Schools - Scheme amendment