Schools in the East Riding, including Inmans Primary School in Hedon have been warned to spend excess funding by the end of the financial year or risk losing it!
Last year £23,000 was reclaimed from Inmans.
Apparently, reclaimed funds are re-distributed to more needy schools. Whilst there are undoubtedly some merits in this redistribution of wealth – there is, however, the risk that schools might be encouraged to spend excess funds in haste raising the risks of possible ‘careless’ or unwise expenditure.
Read more via the Hull Daily Mail: East Riding Schools warned over surplus cash and leave your views and comments here.