1. Somerset Schools Forum Agenda Item 2
May 2019
Our Vision
To improve the outcomes for all children and young people by working in partnership with others.

2. SSE Financial Outturn 2014/15 £1.047m
(cumulative reserves across all traded services moving into SSE)
2015/16
£0.001m surplus
2016/17
£0.409m surplus
2017/18
£0.217m surplus
2018/19
£0.371m surplus
2019/20
Budgeting to break even

3. SSE Surpluses - Reserves
Any operating surpluses or losses are retained within SCC.
SSE Reserves at end of 18/19 = £794k
Reserves used previously to fund spending pressures within Education such as Team around the School and the SEP programme.
SSE Reserves required for:
Operational risks including reduction in buyback of services resulting in potential redundancy costs.
Investment in services and systems.
Maintenance of buildings and stock replacement etc

4. Plans for SSE Reserves Commitment Amount (£)
Amounts held for non-SSE services – to be transferred
30k
Investment in buildings and vehicles at Outdoor centres
200k
Replacement for books, instruments etc
100k
Implementation of CRM system and Sales and Business Development Manger.
90k
One off costs to transition SCIL to Dillington
50k
Invest to save in Centre of Excellence – SCIL and Inclusion
Allowance for increased charge on Refuse contract
10k
Uncommitted reserves (1.2% of total income in 18/19)
264k