Finance Committee Meeting Minutes Wednesday 11 May 2011 @ 4pm

Finance Committee Meeting MinutesWednesday 11 May 2011 @ 4pmPresent:In Attendance:J Jones, S Alvey, F Ciccotti, S WalderL Allerton, J Griffiths & S Wilczynski1. ApologiesApologies were received from L Boissevain.2. MinutesThe minutes were agreed as an accurate record.3. Matters Arising3.5.2 The Business Manager will investigate possibility of employing aPeripatetic music teacher. This to be reported at the next meeting.4. End of Year Report 2010 – 2011The Finance Report showing expenditure and income as at 31 March 2011was tabled.It was reported that: Supply costs were lower than expected due to successful use ofCover Supervisors. Cleaning costs were lower than expected due to reduced number ofcasual sixth former employees. Redundancy cost for 2010 – 2011 was £29,778.79. Cleaning materials lower, owing to reduced need to purchase newcleaning equipment. Water costs much lower, reasons to be investigated and reported atnext meeting.5. Proposed Allocation of £133,884.23The proposed allocation of funds brought forward from 2010 – 2011 wastabled. Following discussion, the proposals were agreed.6. Finance Report 2011 – 2012Insufficient information available, therefore deferred to next meeting.7. Any Other BusinessThere was no further business.8. Date of Next MeetingThe next meeting will be held on Wednesday 29 June 2011.

Proposal for the Allocation of £133,884.23brought forward from 2010 – 2011Restore non-staffing budget 68,200.00Curriculum needs – extra to support Teaching Budget 18,000.00Carry forward – capitation under-spend 14,000.00LEA payment towards Assistant to PSO 6,000.00CISP 10,000.00Carry forward H & S under-spend 2,000.00MEND 1,758.00Vocational Development 10,000.00Contingency 3,926.23Total £133,884.23