LMETB apply for overdraft at first meeting

LMETB  CEO Peter KIerans  in centre front with The New Board members at their First metting in The LMETH offices in Chapel street  Photo Arthur KInahan
The first signicant act of the inaugural Louth Meath Educational and Training Board (LMETB) meeting on Thursday was to apply for an overdraft.

The first signicant act of the inaugural Louth Meath Educational and Training Board (LMETB) meeting on Thursday was to apply for an overdraft.

The board which had met for the first time were presented with news that the Department would be asking them to run a deficit.

The LMETB will now have to cope with a €1.7 million shortfall in funding, which they will be expected to bridge themselves.

Frank Smith and Ann Whyte told the board that effectively they would be funded to less than their operating costs, and they were told unless significant saving were made it would be likely that “an overdraft will be necessaryby the end of the year.”

The newly elected chairman of the LMETB, Nick Killian put it to board to vote on and it was passed unanimously, despite one board member expressing their reluctance..

The board were also told that they would be responsible for any interest on any credit given.

Tomás Sharkey also put forward a motion that a letter should be written to the Department to say that they were not happy wit the funding and that it would effect their services.

The motion was seconded. 
“We are at the pin of collar already with costs. There are no more savings to be made. The shirt is threadbare in our schools as it.”

Also at the meeting the LMETB CEO Peter Kierans said that it would not be possible or legal to create a chair system that would share the role between those from political backgrounds and those working within the education sector.