A report by the Interim Director of Children’s Services reported on the increased costs in the Children and Young People’s Department in 2012-13 arising from inflationary uplifts to the Council’s nine School PFI contract and pension payments to teachers who were in receipt of an additional pension from the Council following Early Retirement.

RESOLVED:

That the increased PFI costs of £322,700 and Teachers’ Premature Retirement Costs of £155,900 be taken into account in the Council’s budget for 2012-13.