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Decision details

Licensed Deficits Forest Hill and Prendergast

Decision status: For Determination

Is Key decision?: Yes

Is subject to call in?: No

Decision:

Having considered an officer report, and a presentation by the Cabinet

Member for Children & Young People, Councillor Paul Maslin, the Mayor

agreed that

 

(1) Prendergast Ladywell School budget plan be approved and a loan

of £558k be made to cover the school’s budget shortfall in the first year of the

recovery plan

 

(2) Forest Hill School’s budget plan be approved and a loan of £879k be

made to cover the school’s budget shortfall in the first year of the recovery

plan;

 

(3) in accordance with the Scheme of Delegation and loan agreement both

schools pay back the loan over a five year period;

 

(4) authority be delegated to the Executive for Resources and Regeneration in

consultation with the Executive Director for Children’s Services and the Head

of Law to agree the terms of the Loan Agreements.

 

Publication date: 11/11/2016

Date of decision: 09/11/2016

Decided at meeting: 09/11/2016 - Mayor and Cabinet

Accompanying Documents: