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Care must be spent to save our pupils from woes of poor budgeting
9:00am Monday 23rd September 2013 in News
THE economic crisis has taught us all a little bit about the need to squirrel away money for a rainy day.
But today’s revelations about the money some schools are leaving in their reserves has rightly raised concerns.
Council officials say that the schools are doing nothing wrong – but admit they have asked questions about the practice.
Yet the Government’s guidelines are being flouted by some schools – and in the interests of transparency, we need to know why.
At a time when cuts to all kinds of public sector budgets are being enforced, it is striking some schools are choosing to stash away more money than they should.
Parents will undoubtedly be keen to see which schools in Oxfordshire are spending too little.
Of course, some headteachers will argue that if their reserves had been too low, they would have faced similar criticisms. This could well be the case, but managing money is a balancing act.
The man who makes his millions and keeps it under his bed may well think he is being prudent.
The reality, of course, is that money unspent has no impact – on children, on equipment and on teachers.
Headteachers need to be cautious and think carefully about budgets. No one is asking them to go on a spending spree.
Yet to the schools in this county spending too little, the message is surely: cough up.
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