Agenda item

Budget, Ring Fencing & Z-Code

Minutes:

Robin Crofts, Director of Education, confirmed that the £1,300.00  unused by the Montem School RE Trail had been secured, and was now in a SACRE account to be Z-Coded. It was confirmed that this money would be transferred over to the SACRE budget year on year until such time as it was spent.

 

The SACRE budget for 2014/15 was confirmed as £5,000.00, elapsing on 31st March 2015. It was highlighted that SACRE did not have to spend the entirety of this budget, though if unspent, remaining money would not roll over to the following year’s budget, the exception to this being the £1,300.00 Montem money that had been ring-fenced.