Each year Schools Forum provide a set of principles upon which the Education Finance team use, alongside the requirements set out by the Department for Education (DfE). The LA and School Forum aim to ensure that no school or sector is disproportionately affected by decisions.
In November and December 2018 Schools Forum agreed that when the LA set the 2019-20 School Budgets that they should aim to:
The results of the budget modelling were presented to Schools Forum 13 February 2019 for approval alongside the indicative budgets for each school.
All maintained schools will receive their Individual Budget Shares (IBS) from the Education Finance team by the end of February each year. This provides information on all income streams.
Below outlines the average amounts of funding schools will receive in 2019-20:
Average pupil related funding*: £4,249.27
Average school factors**: £369.04
Average total per primary pupil: £4,618.31
Average pupil related funding*: £5,830.17
Average school factors**: £422.23
Average total per secondary pupils: £6,252.40
* Pupil related funding includes: AWPU/ Basic Entitlement; FSM Ever 6; IDACI; EAL; Low Prior Attainment and Mobility
**Schools Factors includes: Lump Sum; Split Sites; Rates; and Private Finance Initiative (PFI)
The Growth fund is to compensate schools that are expanding . This is because the funding for these additional classes is lagged, as those additional pupils will not be recognised until the census for the following year.
The school will receive funding for 7/12’s(Sept – Mar) of the year for 25 average pupils.
The schools are minimum funded for 25 pupils and any pupils beyond this amount per class are funded the following year via a ‘backward look’.
Split Site funding is to compensate schools for the additional costs associated with operating a school on more than one site. These costs can include transport of pupils or staff, additional facilities costs (IT, utilities), duplication of staff (reception, security).
For further information please find the full reports from the Schools Forum.