Report of the Strategic Director, Corporate Services to the meeting of the Executive to be held on 30
thMarch 2010
CK
Subject:
Financial Review for the period to March 2010 Summary Statement:
This report provides Members with an overview of the Council’s financial position during the year 2009-10 and projects forward to the outturn position for the year ending 31st March 2010. Key pressures in both revenue and capital expenditure are highlighted together with significant transactions that impact on the Council’s balance sheet.
The final Statement of Accounts for 2009/10 will be presented to Executive in June 2010.
Becky Hellard
Strategic Director, Corporate Services SCRUTINY AREA:
Corporate Report Contact: Sue Mawson
Phone: (01274) 434257
E-mail:sue.mawson@bradford.gov.uk
PORTFOLIO:
Corporate
Financial Review - for the period to March 2010.
1. SUMMARY
1.1 This report provides Members with an overview of the Council’s financial position during the year 2009-10 and projects forward to the outturn position for the year ending 31st March 2010. Key pressures in both revenue and capital expenditure are highlighted together with significant transactions that impact on the Council’s balance sheet.
The final Statement of Accounts for 2009/10 will be presented to Executive in June 2010.
2. Background Information
2.1 The approved net revenue estimates for 2009/10, as set by Council on 26 February 2009, was £435.1m.
Table 1 - Revenue Estimates 2009/10
£m
Base Budget 427.2
Priority Expenditure added to base 13.6 Expenditure funded by reserves and
savings
7.6
New Growth 2.8
Revenue Savings -16.1
Total 435.1 2.2 Members have received detailed reports throughout the year. A comprehensive half
yearly statement was presented to Executive on 20 October and a further updated position on 12th January 2010.
2.3 The Chief Executive and the Corporate Management Team receive monthly updates to monitor progress and address any material matters arising.
3. Revenue Budget – Key service headlines
3.1 After twelve months of the financial year, an under spend of £1.853m is currently projected on Service budgets as detailed in the following table:
Service Budgets Latest Estimate
£000
Latest Forecast
£000
March Variance
£,000
December Variance
£,000
Mid Year Variance
£000 Spending By Services
Chief Executive's Office 2,023 2,076 53 46 96
Performance and
Commissioning 4,044 3,897 -147 -126 -94
Adult & Community Services 115,091 115,091 0 800 563
Children & YP Services 127,996 127,917 -79 -57 -78
Corporate Services 41,342 40,261 -1,081 -953 -682
Culture, Tourism and Sport 19,185 19,185 0 250 250
Environment and
Neighbourhoods 66,243 64,900 -1,343 -1,396 -2,513
Regeneration Services 28,236 28,980 744 -265 -384
B-Works 3,049 3,049 0 -59 -59
Net cost of services 407,209 405,356 -1,853 -1,760 -2,901
Individual school balances -19,429 -18,526 n/a 903 3,436
3.2 The net position for spending by services reflects transactions recorded in the Council’s financial ledger up to the beginning of March together with a forecast of outstanding transactions anticipated to cover the period up to 31st March 2010.
No account has been taken of any potential requests to carry forward any unspent budgets into the new financial year. This can only be considered when the final entries have been determined and the outturn position finalised.
3.3 The centralisation of the Council’s Facilities Management service within the Environment and Neighbourhoods Department has now been completed. This has resulted in a shift in the budgetary resources reported by each department but is budget neutral across the Council.
3.4 Key pressure areas within services have been consistently reported during the year and can be summarised as follows:
3.4.1 Chief Executive’s office £53k
The Chief Executive’s office has maintained a stable position throughout the year. The main pressure area reported remains that of Public Affairs and Communication but the over spend has been contained by savings and efficiencies across the remainder of the service.
3.4.2 Performance and Commissioning £-147k
The projected under spend occurs predominantly within Major Projects and Procurement as a result of delays to some projects and the appointment of specialist staff direct to other sources of established funding. Any underspend on current budgets is not anticipated in future years, as recruitment to vacant posts will be necessary to deliver the Council’s key initiatives and projects.
3.4.3 Adult & Community Services £nil
Throughout the year, Adult and Community services have been keen to address a number of key pressure areas. In particular spending pressures have arisen in high dependency physically disabled care services, as well as within the Children’s Immigration and Asylum service. Issues remain to be resolved to secure support for the Strategic Commissioning of Older People and Intermediate Care Services.
Management have taken action to contain expenditure whilst within Performance and Business Support vacancy management and delayed recruitment have led to an under spend. Supporting a break even position at the year end is an under spend associated with Transitional Funding pending the development of a programme of work.
3.4.4 Children and Young People’s Service £-79k
The overall projected underspend for the Service reflects a specific budget item identified in 2009-10 for the Independent Safeguarding Authority which is not now required to be implemented until 2010/11. The Service has absorbed increasing pressures arising in the Care Management service whilst any impact from the trading position of ISG will be funded from the specific reserve at the year end and other cross
3.4.5 Corporate Services £-1,081m
As reported in the previous financial report, the main impact on Corporate Services has been the receipt of a significant additional subsidy form the Department of Works and Pensions in support of the economic downturn. The subsidy of £720k has been awarded for a two year period and because of its late notification will be required to be carried forward to meet increasing demand in 2010/11.
The service has also carried significant vacancy levels for much of the year, but specific campaigns in both the Benefits and Finance service areas have resulted in appointments. Current under spends in service areas are hence not expected to continue in future years.
3.4.6 Culture, Tourism and Sport Services £nil
The service had been forecasting a projected overspend of £250k for much of the year. However a delay in the commissioning of a Visitors’ in Information Centre along with other management efficiencies will allow the service to meet its budgeted level at the year end.
3.4.7 Environment and Neighbourhood Service £-1,343m
Within the Environment Service, there are a number of pressures which are cross subsidised but there remains on overall pressure of £400k. Pressure areas occur in Environmental Health, Street cleaning, Refuse collection and Grounds maintenance, whilst the Highways service has been adversely affected by the weather conditions resulting in additional gritting costs in excess of £200k. In some areas additional income from fleet services and licence income has mitigated the financial position.
Neighbourhood services has projected an under spend throughout the year and this is now forecast to reach £1.8m. A request will be made to carry forward unspent budget into the new year to meet future initiatives under Area Actions should the position remain unchanged.
3.4.8 Regeneration £744k
The Service has consistently reported on the significant budget pressure within the planning service which is now forecast at £830k by the year end. In addition, the Highways and Transportation service has been adversely affected by the severe winter weather conditions resulting in additional costs associated with salt supplies (£700k) and carriage way repairs (£300k). An incidental impact has been a reduction in car park income of £150k.
In contrast the Service continues to show an under spend on the budget allocated to support the economic downturn (£750k) and the LDF and Waste planning proposal (£695k). Such budgets may be required to be carried forward to support programmes of work in 2010/11.
4 Authority wide Issues
4.1 Non service expenditure and income
A VAT refund of £0.4m plus statutory interest of £0.3m in respect of coaching fees was paid to the Council in January. This is in addition to the £2.7m previously reported and represents the final refund the Council expects to receive. On the basis that the Council does not overspend at the 31 March 2010, this money has been transferred into a corporate reserve.
The additional £318k LABGI funding the Council received in 2009-10 has been transferred into a Corporate Reserve.
The latest estimate for council house sales in 2009-10 is 10. This will result in a shortfall of budgeted resources of £440k.
4.2 Working Neighbourhoods Fund (WNF)
In 2009-10 the Council will receive a total of £14.6m WNF funding. Of this £1.119m is Bradford’s share of the additional national allocation of £40m, as previously reported to Executive in January 2010.
At the 31 March it is forecasted that there will be an under spend in excess of £4m against the allocation. This is due to the fact that: an element remains unallocated to projects and monies for 2009-11 are allocated on a two year basis. In a number of cases spend is profiled to be higher in year 2.
Options for how the Council may choose to make best use of the remaining unallocated WNF monies is set out in the Working Neighbourhoods Fund Review Report to be considered by Executive on the 30 March.
Members are therefore recommended to carry forward all unspent monies at 31 March 2010 pending a decision, on the future allocation of remaining funds.
4.3 LPSA Reward monies
The Council expects to receive before 31 March 2010, £5.6m LPSA reward monies which represents half of the total of £11.27m due to the Council over the two years 2009-11. Of the £5.6m, 50% must be treated as revenue and 50% as capital. Of the
£2.8m revenue monies, £1.0m has been set aside to support the base budget.
The Working Neighbourhoods Fund Review report referred to above, presents members with a proposal to allocate the remaining reward monies.
4.4 Capital financing
The latest forecast estimates an underspend on capital financing costs (interest and principal repayments) which has been taken into account when estimating the future resources available to fund the approved Capital Investment Programme.
4.5 Contingencies
4.5.1 Single Status and 2009 Pay Award
In the budget process for 2010-11 it was reported that single status will not be implemented before 31 March 2010. As a consequence the base budget held centrally has been re-profiled resulting in a saving of £3m in 2009-10. This underspend together with the £1.9m saving on the pay award has been taken into account when setting council tax levels for 2010-11 and determining the use of resources to support expenditure levels.
4.5.2 General Contingency Balance
After releasing monies against specific initiatives the remaining balance stands at
£1.250m.
4.5.3 Waste Management Contingency
Because the total liability for certain Waste Management transactions cannot be accurately predicted, some budgets are held centrally and released as requirements become known throughout the year. It is forecasted at the 31 March there will be an under spend of £500k on these centrally held budgets.
5.0 CAPITAL EXPENDITURE
Significant work has been undertaken during the year to ensure the capital investment plan is an accurate reflection of the Council’s forecast activity on capital expenditure.
The finalised capital investment plan was approved at full council on 25th February 2010. After taking account of all capital resources and a re-phasing of existing and new schemes, the approved capital expenditure for 2009/10 was set at £130.4m.
Services are forecasting a total spend of £97.9m resulting in a net variation of £32.5m.
A breakdown by service is shown in the table below and a detailed breakdown is provided in Appendix 1.
Scheme Under spend
(£000)
Over spend
(£000) Resources B/fwd from future years
(£000)
Slippage
(£000) Net Variance
(£000)
Adult Services 0 0 0 -1,689 -1,689
Childrens' Services
0 0 700 -18,083 -17,383
Corporate Services
-181 0 0 0 -181
Culture Tourism and Sport
0 14 0 -15 -1
Environment &
Neighbourhoods
0 0 0 -1,752 -1762
Regeneration 0 18 0 -11,490 -11,472
Total -181 32 700 -33,029 -32,478
In accordance with The Prudential Code for Capital Finance the Council monitors performance against a range of prudential indicators set as part of the budget process.
Given the current financial uncertainty the Council has followed a policy of not incurring new borrowing but instead has sort to reduce its own cash balances. There are no concerns currently in relation to prudential indicators. In particular:
The anticipated level of capital expenditure does not affect the affordability of the capital programme.
Net external borrowing is below the capital financing requirement.
The actual level of external debt is comfortably within the operational boundary set and borrowing is expected to comply with limits set for fixed interest rate exposure and maturity structure of borrowing.
6.0 Balance Sheet Items
Members will recall that as well as reporting on revenue and capital spend, the Financial Review now includes information on key balances in the Council’s Balance Sheet. By highlighting those balances where the authority has an element of control, Members can form an opinion as to whether resources are being used efficiently. This is an important element of public financial management and supports the delivery of the Council’s key objectives and priorities.
6.1 Fixed Assets
Many of the assets within this area are currently available for sale as part of the B- works project. The income from these sales is being used to carry out the Estates Investment Strategy. During the 2009-10 financial year £2.5 million of surplus assets have been sold by the Authority. The Authority also has nine properties currently being marketed for auction in March which potentially could increase the sales income by £260k.
6.2 Investments
The average rate of interest, that the authority returns on its investment, has reduced from 5.11% to 1.51% in the year to date. This is due to longer term investment coming to the end of the fixed interest period and the monies being reinvested at lower interest rates than the ones available a year ago. The average balance of investments held has also reduced by £12 million. Together this has resulted in a reduction in bank interest received in 2009-10 in line with the forecasted budget position.
6.3 Debtors and Creditors
Debtors collection and creditors payment affect the authority’s cash flow. National and local decisions on collection and payment terms have an impact on how much money the authority hast to invest or borrow throughout the year. Currently the Council’s strong commitment to pay suppliers on time during the downturn in the economy has resulted in 92% of invoices being paid within 30 days (target 85%). Measured against the national benchmark of the average time it takes to collect payment from customers of 90 days, the Council current percentage has increased to 81%. This compares with 78.1% in 2008-9.
6.4 Short term borrowing
The authority needs to keep short term borrowing to a minimum to ensure efficiency as this is an expensive way to borrow funds. To date borrowing in 2009-10 has been kept to a minimum, demonstrating that the Council has an effective process of managing day to day cash balances.
6.5 Long term borrowing
Long term borrowing is the loan of monies up to a twenty five year term where the rate of interest paid is fixed at the point of taking out the loan. No repayments of this debt are due within the financial year. However, since borrowing rates have fallen, the Authority has taken advantage of the opportunity to borrow £10m until 2020.
6.6 Provisions
Given that it was probable that the Council would have to make a number of payments to settle present obligations, two significant provisions were created at 31 March 2009 for Equal Pay (£20m) and Insurance (£9m).
6.6.1 Equal pay
The current balance in the equal pay provision is £16.374m. Given the uncertainty regarding the potential number and types of claims which cannot be quantified with absolute certainty, it is proposed that the current level of the equal pay provision is maintained. This will however continue to be reviewed in the light of emerging claims and their settlement.
6.6.2 Insurance
At the 31 March 2009 there was sufficient money set aside in the Insurance provision to meet all claims which had been lodged against the Council. The future level of the provision was considered as part of the budget process and it was agreed that any over provision at the 31 March 2010 would be used to support Council Tax in 2010-11.
6.7 Reserves
Corporate Reserves
As part of the 2009-10 budget, it was agreed that £14.6m of corporate reserves be used in support of service spend. After other net movements, including external funding and budget transfers between years, a balance of £37.2m remains. This figure includes £4.9m transferred from the overprovision for the 2009 Pay award and the re- profiling of the implementation of Single Status.
As part of the budget process a thorough review of all service earmarked reserves was undertaken. Where there had been no movement on a reserve for a number of years or there was no detailed future spending plan it was recommended that the reserve should be reclassified as a corporate reserve. This has now been implemented.
Of the total Corporate Reserves and Service Earmarked reserves £16.9m has been used to support the 2010-11 budget.
The current deficit on the severance reserve is £48k. However if no action is taken, latest projections forecast the deficit to have increased to in excess of £350k by 31st March 2010. Members are recommended to apply the under spend on contingencies to replenish this reserve.
A detailed breakdown of all Corporate and Service Revenue Reserves is set out in Appendix 2 and Service Earmarked reserves in Appendix 3.
7. Schools Balances
7.1 There was a net surplus at the end of 2008-9 of £30.226m which was brought forward for schools at 1 April 2009. Within this overall total, individual school balances totalled a net £19.429m. This position is well within the scheme of delegation which allows schools to carry forward balances of 5% or 8% of their budgets (an equivalent value of
£25.366m).
7.2 Schools have completed returns at 31st December 2009 showing their predicted position at the end of 2009-10. Appendix 4 summarises the school balances projection. It shows that:
• The total of school deficit balances is predicted to be £0.706m an improvement of
£0.276m from the position at the start of the year.
• The total of school surplus balances is predicted to be £19.232m, a reduction of
£1.179m from the start of the year.
• The overall net surplus, including schools contingency and City learning centres, is predicted to be £29.323m. This is a reduction of £.903m from the balance at the start of the year.
7.3 The Finance Department and the Education Department continue to work with Education Bradford to improve monitoring, address the level of balances and improve support for schools.
8. LEGAL APPRAISAL
This report is submitted to the Executive in accordance with the Budget and Policy Framework Procedure Rules.
9 OTHER IMPLICATIONS 9.1 Equal Rights Implications
There are no direct equal rights implications.
9.2 Sustainability Implications
There are no direct sustainability implications.
9.3 Community Safety Implications
There are no direct community safety implications.
There are no direct human rights implications.
9.5 Trade Union
There are no direct trade union implications resulting from this report.
10. NOT FOR PUBLICATION DOCUMENTS
None
11. RECOMMENDATIONS
The Executive is recommended to:
11.1 Note the projected financial position of the Council after twelve months of the financial year and request that Strategic Directors continue to take all required action to ensure expenditure is contained within approved budgets.
11.2 Approve the contribution into the Severance reserve from an under spend on the contingencies reserve.
11.3 Approve the carry forward of unspent WNF and LPSA Reward monies pending a decision on future allocations.
12. APPENDICES As attached.
13. BACKGROUND DOCUMENTS None
Appendix 1
Detailed Variances on Capital Schemes
Scheme 2009-10 Profiled
Budget
(£000)
Under spend
(£000)
Over spend
(£000)
Resource s B/fwd
from future years (£000)
Slippage
(£000)
Net Variance
(£000)
Explanation /Action
ADULT SERVICES
Social Care IT Grant 305 0 0 0 -305 -305 Contract discussions ongoing
Mental Health Capital 842 0 0 0 -700 -700 Late notification of resources
Capital Repairs 1,059 0 0 0 -200 -200 Delays in order
worked being completed
Social Care Grant 484 0 0 0 -484 -484 2009 grant not
allocated to specific schemes until 2010/11 Total – Adult Services 2,690 0 0 0 -1,689 -1,689
CHILDRENS SERVICES Schools Access
Initiative
3,182 0 0 0 -2,582 -2,582 Slippage into
2010/11 Devolved formula
capital 8,160 0 0 0 -660 -660 Allocation are made
to individual schools who can determine when to spend their allocation
Basic Needs – Temporary Arrangements
700 0 0 700 0 700 Slippage into
2010/11
Childrens Centres 330 0 0 0 -65 -65 Retentions due in
2010/11
Emergency Works 600 0 0 0 -477 -477 Slippage into
2010/11 Surestart Early Years 5.470 0 0 0 -2,145 -2,145 Slippage into
2010/11 Extended Schools 1.959 0 0 0 -1,459 -1,459 Slippage into
2010/11 Additional Places Rising
Numbers 4,345 0 0 0 -3,945 -3,945 Slippage on
Academies schemes Primary Capital
Programme
7,000 0 0 0 -6,600 -6,600 Revised phasing
Modernisation Grant 3.461 0 0 0 -150 -150 Slippage into
2010/11 Total – Children’s
Services 35,207 0 0 700 -18,083 -17,383
CORPORATE SERVICES Forensic Science
Centre 1,481 -181 0 0 0 -181 Costs less than
planned
Total – Corporate 1,481 -181 0 0 0 -181
CULTURE TOURISM & SPORT Windhill Recreation
Ground
14 0 14 0 0 14 Retention payment
Eccleshill Pool
Refurbishment 108 0 0 0 -15 -15 Slippage into
2010/11 Total – Culture
Tourism & Sport 122 0 14 0 -15 -1
ENVIRONMENT & NEIGHBOURHOODS Capital Investment
Fund 2,000 0 0 0 -359 -359 Fire safety work to
be completed in 2010/11
Carbon & Other Management Efficiencies
886 0 0 0 -736 -736 Plans being worked
on for start in 2010/11 Manywells Landfill
Remediation 1,448 0 0 0 -200 -200 Re-phasing into
2010/11 agreed with grant provider DEFRA Compliance with oil
Storage regulations
105 0 0 0 -75 -75 Slippage into
2010/11
Ward investment fund 1,400 0 0 0 -150 -150 Schemes still being developed and slipped into 2010/11 Sustainable Technology
Investment Fund 107 0 0 0 -107 -107 Linked to carbon
initiatives. Spend planned for 2010/11 Urban and Rural
Villages 132 0 0 0 -50 -50 Slippage into
2010/11 Total – Environment &
neighbourhoods 6,078 0 0 0 -1,752 -1,752
REGENERATION
Allotments 202 0 0 0 -190 -190 Funding only recently
allocated to specific sites
Clearance 162 0 18 0 0 18 Acquisition costs
greater than
expected. Costs will be met from
underspends in other schemes
Disabled Housing
Facilities Grant 3,837 0 0 0 -337 -337 Slippage into 1st
quarter of 2010/11 Empty Private Sector
Homes Initiative
200 0 0 0 -126 -126 Ongoing CPO
requires retention of fund
Ilkley Moor 312 0 0 0 -300 -300 Slippage due to the
need to resolve planning issues
City Park 9,269 0 0 0 -3,954 -3,954 Slippage into 2010-
11 due to longer than expected tender process
LEGI 2,061 0 0 0 -914 -914 Recession has
reduced Private sector investment and delays in ERDF
funding
Integrated Transport 5,362 0 0 0 -2,579 -2,579 Purchase delays Bingley Town Centre
Improvement 64 0 0 0 -41 -41 Retentions due in
2010/11 South Bradford
Integrated Transport 144 0 0 0 -124 -124 Slippage due to
limitations from developers and DFT West Yorkshire
Casualty Reduction Partnership
447 0 0 0 -247 -247 Slippage due to
staffing resources and partners Worth Valley (Haworth) 174 0 0 0 -174 -174 Revised phasing for
2010-11 Connecting the City
Westfield 25 0 0 0 -10 -10 Slippage
Connecting Airedale 540 0 0 0 -484 -484 Slippage into
2010/11 Bradford City Centre
integrated Transport 750 0 0 0 -180 -180 Being phased over 3
years Public Realm
Improvements, City Centre
1,616 0 0 0 -298 -298 Slippage
Connect2 400 0 0 0 -232 -232 Slippage
Saltaire Roundabout 1,300 0 0 0 -1,300 -1,300 Slippage pending design and consultation Total - Regeneration 26,865 0 18 0 -11,490 -11,472
Grand Total 72,443 -181 32 700 -33,029 -32,478
Appendix 2
Corporate and Service Revenue Reserves 2009-10 Opening
Balance
£000
Net Movement
£000
Estimated Balance at
31 March
£000
Collection Fund -2,251 2,251 0
General Reserves and Balances
General Fund 12,724 0 12,724
Schools delegated budget 30,228 -905 29,323
42,952 -905 42,047
Corporate Earmarked Reserves
To support future year’s service spend
VAT disclosure refunds 6,804 -3,233 3,571
LABGI – Support for 2009-10 budget 3,636 -3,636 0
Interest on Airport Sale Receipts 2,900 -2,900 0
Insurance & YPO dividend 1,124 -1,124 0
Change Programme 740 0 740
Change management 211 0 211
Single status reserve 4,650 -138 4,512
Executive priorities 3,000 0 3,000
2009-10 budget to be carried forward 0 4,900 4,900 Reclassification of service earmarked
reserves 0 778 778
Other Corporate Earmarked Reserves
Renewal and replacement 9,226 0 9,226
Markets 299 0 299
Exempt VAT 2,000 0 2,000
WNF future budget support 2,830 -1,346 1,484
Managed severance -48 0 -48
WNF Grant slippage 946 -946 0
ABG Grant slippage 1,936 -1,936 0
LABGI monies 1,353 318 1,671
Executive initiatives 1,868 -558 1,310
PFI credits reserve 2,523 1,052 3,575
45,998 -8,769 37,229
Better use of budgets 4,673 -4,560 113
Service Earmarked Reserves Equipment, building work and other
earmarked reserves held by departments 6,109 -1,275 4,834
6,109 -1,275 4,834
Total Reserves and Balances 97,481 -13,258 84,223
Appendix 3 Service Earmarked Reserves 2009-10
.
Department Totals
Opening Balance
£000
Net Transfers
£000
Reclassification
£000
Estimated Balance at
31 Mar
£000 Significant balances £000
Adult Services 132 -17 -115 0 S117 mental health 0
Children’s Services 2,347 0 -521 1,826 Education rates 845 BSF Unitary Charge 453
ISG reserve 360
Grant income 100
Other 68
Culture, Tourism and
Sport
1,016 -284 1,165 1,897 City centre gallery 20
Marley pitch replacement 125 Fitness centres 3
Saltaire TIC 63
Gilpin Street 300 Bereavement service
computers
100
Feasibility 1,200
Other 86
Corporate Services 572 255 -504 323 Keighley One Stop Shop 68
District Elections 255
Environment and
Neighbourhoods 803 0 -803 0 Waste disposal procurement 0
Regeneration 1,239 -451 0 788 NASS contract 421 Stock condition survey 34 Highways fines 120 Derelict land 56 District Tenants Federation 158
Total 6,109 -497 -778 4,834
Appendix 4 2009/10 Third Quarter Position on School Balances
School Balances as at 31st December 2009
The projected balances are based on the position reported by schools at 31st December 2009. All deficits are shown as negatives. A negative movement is an increase in deficit or reduction in surplus. A positive movement is a fall in deficit or increase in surplus.
Balance
1 April 2009 Projected
31 March 2010 Projected Movement No. £000 No. £000 No. £000
Nursery In surplus/ balance 7 434 7 426 0 -8
In deficit 0 0 0 0 0 0
Total 7 434 7 426 0 -8
Primary In surplus 158 12,364 153 11,663 -5 -701 In deficit 0 0 2 -42 2 -42
Total 158 12,364 155 11,621 -3 -743
Secondary In surplus 24 6,948 22 6,698 -2 -250 In deficit 3 -982 3 -664 0 318
Total 27 5,966 25 6.034 -2 68
Special In surplus 11 665 9 445 -2 -220 Needs In deficit 0 0 0 0 0 0
Total 11 665 9 445 -2 -220
Individual School Balances Total 203 19,429 196 18,526 -7 -903 Schools contingency 8,361 8,361 0 City learning centres and other activity 2,436 2,436 0
Total Net Surplus / Deficit (-) 30,226 29,323 -903
Individual School Balances:
Surplus Balances 200 20,411 191 19,232 -9 -1,179 Deficit Balances 3 -982 5 -706 2 276 Deficits as a % of Surpluses 5% 4%
