Alec discovers Leeds Council’s £31.5 million unspent school funds

Alec has discovered financial information showing that the Labour-run Leeds City Council is sat on a cumulative surplus of school funds worth £31.5 million.
In a Written Question to the Minister of State, Alec submitted:
“To ask the Secretary of State for Education, what estimate he has made of the amount held in reserves by maintained schools in the Leeds City Council local authority area in for 2017/18.”
 In reply, the Minister of State, Nick Gibb, answered:
“The Department trusts schools to manage their own budgets and the great majority have a cumulative surplus of funds, built up over a number of years. In 2016/17 206 local authority maintained schools in Leeds recorded a cumulative surplus, which totalled £31,553,748.”