Maintained Schools: Finance

(asked on 17th December 2014) - View Source
Questioner
Portrait
Frank Dobson
(Labour - Holborn and St Pancras)

Question to the Department for Education:

To ask the Secretary of State for Education, what estimate she has made of reserves held by local authority maintained schools in each year since 2006-07.

Answered by
Portrait
David Laws
This question was answered on 5th January 2015

All local authority maintained schools report their balances to the Department for Education as part of their annual Consistent Financial Reporting returns. Some schools have deficit balances; others have surpluses. The table below shows total deficits and surpluses and the net position for all local authority maintained schools for each financial year from 2006-07 to 2013-14.

Period

Total deficit (£)

Total surplus (£)

Net Reserves (£)

2006-07

(157,355,905)

1,827,554,781

1,670,198,876

2007-08

(120,094,299)

2,038,862,929

1,918,768,630

2008-09

(139,185,467)

1,921,159,168

1,781,973,701

2009-10

(161,418,942)

1,826,696,816

1,665,277,874

2010-11

(143,478,858)

2,098,926,882

1,955,448,024

2011-12

(109,936,775)

2,433,469,804

2,323,533,029

2012-13

(81,190,825)

2,306,144,774

2,224,953,949

2013-14

(75,947,088)

2,260,316,153

2,184,369,065

Source: Consistent Financial Reporting survey

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