The education portfolio’s revenue funding stream, which covers day-to-day running costs, is overspent by £76,000 – which officers say is due to bigger than expected senior management and ‘home to school’ transport arrangement costs.
The education service’s capital funding – a separate pot of cash set aside to build schools and other buildings – is overspent by a much smaller amount at £2,300.
The need to bring the overall education budget back in line is separate to the council’s plan to slash £9m from the general fund in order to balance the books, which will be formally ironed out tomorrow.
The findings will be discussed in more detail at a meeting to be chaired by Tory education official Councillor Neill Young on Thursday, December 15.
Council officers say in the dossier being put before Cllr Young that work will be carried out to see how the budget can be brought back in line.
The meeting takes place in Portsmouth City Council’s civic offices, in conference room A on the second floor, from 4pm.