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Majority of Newtown schools forecasting deficit budgets by 2024

Majority of Newtown schools forecasting deficit budgets by 2024

1 year ago 944 views

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By All About Newtown

Half of all schools in Newtown are forecasting a deficit budget by 2024/2025.

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A report due to be considered by the Council's Cabinet on 26th July 2022, has revealed that 3 out of the 6 schools in Newtown are forecasting to be in a deficit budget by the 2024-2025 financial year.

The worst of these is Newtown High School, estimated to be in a deficit of £173,114 by 2024-2025 with Maesyrhandir and Treowen contributing to an overall deficit of all Newtown schools by 2024-2025 of just under half a million pounds - £499,509.

The full carry forward balances for each school are displayed below:

School Carry Forward 2022-2023 Carry Forward 2023-2024 Carry Forward 2024-2025
Maesyrhandir C.P. School £17,722 -£61,469 -£171,223
Penygloddfa C.P. School £109,283 £142,149 £269,054
St Mary's RC School £130,052 £120,636 £67,179
Treowen C.P. School -£6,890 -£79,063 -£105,172
Ysgol Calon y Dderwen £148,295 £93,824 £63,975
Newtown High School £734,790 £355,835 -£173,114

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