Issue - meetings

Item 4 - Consultation on changing the wording of the School's Funding Scheme in relation to the transfer of the balances of closing schools  

The Schools' Senior Manager reported that the Cabinet, in its meeting on 7 March 2017, had approved to change the wording of clause 4.8 of the School's Funding Scheme in accordance with the following wording:

"The balance of a closing school(whether the balance is surplus or deficit) will be the authority's property; it cannot be transferred as a balance to any other school, apart from when that other school has been established as a result of the closure.  In such a situation the balance will be transferred to the new school under the provisions of the School Funding (Wales) Regulations 2010."

Resolved:       To accept and note the above.