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Micklem

Primary School

Learning, achieving, working together

Our Budget

Our Budget

Annual financial statement 2018-19 

 

Expenditure

£1,225,287.28

Income

£1,219,835.82

Deficit for Year

£5,451.46

Reserve Brought Forward

£152,517.54

Reserve Carry Forward

£147,066.08

Our predicted carry forward in the 18/19 budget was £66,332.  At Year End, our reported carry forward was £147,067.  The additional £80,735  is made up of:

 

£

Training savings

3,000

R&M, indirect employee costs and Professional Service (non-curriculum)

23,235

 

FSM savings in expenditure

5,600

Additional Capital Income

13,200

Additional Nursery Funding and Teacher pay rise funding 

14,300

Additional SEN Funding

12,300

Additional Hiring income, Headteacher's Consultancy Work

5,900

Income not budgeted for (insurance claims)

3,200

Total

80,735

Overall there were expenditure savings in teaching staff costs.  This was offset with increases in costs for most other areas of staff costs due to more pupil support required and re-structuring due to long term illness. 

After School Club showed a very small profit this year although Breakfast Club incurred a loss.  The price of the Breakfast club has been increased and it is intended to break even next year.  It was also noted that trips were not being fully funded by voluntary contributions and it is intended for the school to subsidise each trip in the future if it is economically viable to do so. 

It should be noted that the school is making good use of its resources in increased income from lettings and from the Head Teacher’s role as a Hertfordshire Improvement Partner.   

The additional capital funding is the ‘bits and bobs’ money referred to by the government in their last budget.  It was provided to schools in March and so will be carried forward into the new budget. 

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