Source · Select Committees · Public Accounts Committee
Recommendation 7
7
Maintained schools report their finances for the year ending in March.
Conclusion
Maintained schools report their finances for the year ending in March. Most maintained schools were in surplus from 2014–15 to 2019–20, with 88% reporting a cumulative surplus in 2019–20. However, the proportion reporting a deficit more than doubled from 5% to 11% over the same period.15 The proportion of maintained secondary schools in deficit peaked at 30% in 2017–18, falling to 27% in 2019–20. In contrast, the proportion of maintained primary schools in deficit was 10% in 2019–20.16 In 2019–20, the proportion of maintained schools in deficit varied considerably between local authorities in England, ranging from 0% to 46%. In 26 local authorities, more than 20% of maintained schools were in deficit.17