Mr. Alan WilliamsTo ask the Secretary of State for Wales what percentage of annual maintenance grants is held in reserve by(a) grant-maintained schools in Wales and (b) non grant-maintained schools. [14734]
§ Mr. RichardsAt the end of the 1993–94 financial year, the latest date for which these details are available, grant-maintained schools in Wales held reserves of £845,458. This represented 6 per cent. of the total annual maintenance grant allocated in that year. According to financial outturn statements prepared by local education authorities under section 42 of the Education Reform Act 1988, during that same period LEA maintained schools were allocated £758,376,907 under authorities' local management of schools schemes. Of this, 6.28 per cent. was carried forward into the next financial year.