Spending Every Penny
This will, likely, be the last year that we manage to set a budget that balances and keeps us in the black. Governors agreed a spending plan for the financial year ahead that just about allows us to continue with the current staff set-up and other spending, but it uses every last penny of the carry-forward to do so. There will be none left in 12 months.
It is true, I agree, that we have more income than ever before. It is also true that we have higher outgoings than ever before.
We got a grant to help cover the unexpected cost of the national increase in teachers’ pay. Not surprisingly we’ll be using it to cover the cost of our teachers’ pay rise.
We expect another grant to assist with otherwise unfunded increased employer contributions to pensions. We’ll use that to cover the rise in contributions to pensions.
We will be getting a windfall sum of £4,115 of Healthy Pupil Capital. It has to be spent on premises works that will improve the ‘availability’ of health and activity equipment or provision (but not on people to staff it). We will spend it accordingly, but not without difficulty.
The full implementation of the Living Wage across the Council has resulted in many support staff getting an extra, utterly deserved, pay rise to maintain some differential. That was unfunded.
The PE & Sports Grant is staying at its high level of about £20,000 for the year. We will spend every penny on the purposes set. You can read our statement on the school website.
Pupil Premium income will be down next financial year against this year as we now have fewer ‘disadvantaged’ pupils than we did 12 months ago. We also updated that Statement this week. You can again see the report and intentions on our website. We will spend slightly more than the specific income on provision to assist these pupils in achieving their best.
I also presented a brief report on Financial Benchmarking. Not a ‘sexy’ topic in any way, but highly illuminating. You can make your own comparison by visiting the gov.uk website (click here).
If you select Lydgate Junior School and let the site select 15 ‘similar’ schools you’ll find we have:
- the lowest income per pupil,
- the smallest senior leadership team,
- the smallest spend on occupation charges per pupil,
- the smallest revenue reserve per pupil.
I do not want to finish this piece in a negative way so I’ll put the prediction here: this time next year we will have to decide what provision to cut and what charges to increase.
We make fantastic provision based on these factors. I know I have written this before but we do provide excellent value for money. We will try our hardest to keep doing so.
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