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Deficit Recovery Plan:

  1. Budget vs Actual
  2. KPIs
  3. Strategies
  4. Strategic Information LA require.

Approved Budget Plan showing a deficit position without applying for a licensed deficit will be asked to re submit a balanced budget or apply for a licensed deficit.

Recovery plans a number of validation checks will be completed by the governors:

  1. Comparing the current year’s income and expenditure budgets with previous years’ trends to identify any significant differences.
  2. Checking that benchmarking on DfE website to understand schools Key Performance Indicators are in line with other school of similar size.
  3. Actions included in the recovery plan are realistic and that by implementing them the required level of savings can be achieved.
  4. Any areas that are unclear or simply not achievable will be queried with the school and clarification sought.
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