Agenda item
Growth Fund 2018/19
Minutes:
The Growth Fund 2018-19 outturn report highlighted the underspend, the main reason being the underwriting fees of £203,000 for Grove Academy, which was less than agreed by Schools Forum.
It was confirmed that all underspend would be rolled forward into 2019-20 and it was anticipated the underspend would be £164,000 at the end of 2019-20. A number of contingencies had been allowed for although these could be affected by unknown factors.
Schools Forum NOTED the contents of the Growth Fund 2019-19 outturn report and AGREED the underwriting for Grove of £90,000 to £25,000 (2018-19) and the maximum from £60,000 to £90,000 (2019-20).
Supporting documents:
- Growth Fund 2018-19 Outturn, item 711. PDF 72 KB
- Appendix A - Outturn 2018-19 Growth Funding, item 711. PDF 18 KB
- Appendix B - 2019-20 Estimated Growth Fund Allocations, item 711. PDF 20 KB