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Balls said nearly 400 new schools were opening this term including the 67 new academies – hitting the 200th academy target a year ahead of schedule.
A mix of management focus and strategic investment enabled the charity to achieve its target a year early, says Ian Jarvis, the trust's financial controller.
The Office for Budget Responsibility said at the time of the Budget that the chancellor was on course to achieve that target a year early in 2014-15 with a little bit to spare.
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Lawyers for the check writers estimate that more than 1 million of them are targeted a year.
This might take longer, but less than its target of a year to finalise all payments.
Osborne achieved some success on this front but then promptly delayed his surplus target by a year after the election.
Inflation is edging down, and may be within reach of the government's target in a year or so.
But even if the mayor reached his target, 40,000 a year is simply not enough to deal with future demand and the current backlog.
When the initiative began, there were only about 400,000 persons who were receiving treatment in the target countries; a year and a half later, there were one million.
The company had previously been reported to be targeting a year-end 2013 consumer release, with a price point around that of current smartphones, according to a report from last February by the New York Times' Nick Bilton.
It was set to raise £1.7bn in 2011 rather than the targeted £2.5bn a year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com