RESOLVED:
1. That the transfer of a forced school’s conversion (Surrey Hills Primary School) revenue surplus of £38,654 to a sponsored academy be approved.
2. That the Council’s forecast revenue and capital budget positions for the year was noted.
Reason for Decision:
To ensure equal treatment for forced academy conversions, the proposal is to transfer the surplus to Surrey Hills Primary School.
To note this report is to comply with the agreed policy of providing a monthly budget monitoring report to Cabinet for approval of any necessary actions.
[The decisions on this item can be called in by the Resources & Performance Select Committee]