Education Spenditure

Education Establishments allowed to carry their budget over to the next financial year

 

Majority of education establishments and other services throughout GCC come to the end of the financial year and frantically try and spend the remainder of their budget this can be anything between 5-10 thousand pounds in education establishments - this shows that they may not need this full amount so it may be an idea that they are allowed to carry the remainder of their budget over to the next financial year and have a little less allocated

If there is over 300 education establishments that have as little £2,000 left over in their financial budget this would be a saving of over half a million each year

Why the contribution is important

Saving costs

by StephanieM on September 08, 2016 at 10:28AM

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4.0
Average score : 4.0
Based on : 4 votes

Comments

  • Posted by Moneysaver September 13, 2016 at 11:14

    We totally agree this enforced spending on wasteful projects and penalising should stop.
    If someone spends less then they should be allowed to invest it carry it forward without their budget being penalized. They could even pool the money together and invest it in safe financial growth products to increase the value even more.
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