The Voice 2018
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Itec categorically did not make a loss, nor has it cost the council any money. It was given an income target on the recommendation of PWC which this year stood at £181k. The target was totally unachievable, yet was increased year on year by the council. Itec has always covered its own costs but because the target was unachievable, the shortfall caused by income target was taken out of Itec’s reserves which had been built up through the hard work of staff past and present. In addition to covering their own costs, Itec has been supplementing the education department’s budget since the target was put in place.
There has been zero investment in the service, and now the reserves (mostly built up with public money) have been plundered year on year to balance the education budget, the decision is made to close.
If this £181k still needs to be found every year, where will this come from? And if it is being wiped, why couldn’t Itec have continued without this ridiculous financial burden, and turned over excess income every year as it was doing in the first place?
