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Update on 2014-15 School Budgets Schools’ Funding Forum, 21 March 2014 Simon Pleace, Revenue Finance Manager.

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Presentation on theme: "Update on 2014-15 School Budgets Schools’ Funding Forum, 21 March 2014 Simon Pleace, Revenue Finance Manager."— Presentation transcript:

1 Update on 2014-15 School Budgets Schools’ Funding Forum, 21 March 2014 Simon Pleace, Revenue Finance Manager

2 2014-15 School Budgets On 21 Jan we submitted our pro-forma to the EFA No challenge from EFA, everything OK Updated 3 year financial planning tool... but delayed due to TCP % decision Published budget templates on KTW on 3 March Issued PRU budgets for the first time Documentation issued to explain key changes

3 2014-15 School Budgets 1.2 nd year of our new look simplified formula 2.Final year of 2011-2015 spending review 3.MFG set at -1.5% again 4.Gains cap has been removed 5.LAC Pupil Premium – greater role for the Local Authority 6.De-delegation continues for another year

4 Kent Formula Funding Rates PrimarySecondary Factor 1- Basic EntitlementAll Primary£2,727 Factor 1- Basic EntitlementKS3£3,788 Factor 1- Basic EntitlementKS4£4,157 Factor 2 - DeprivationFree School Meals£359£334 Factor 2 - DeprivationIDACI - Band 1£415£447 Factor 2 - DeprivationIDACI - Band 2£435£469 Factor 2 - DeprivationIDACI - Band 3£468£504 Factor 2 - DeprivationIDACI - Band 4£515£555 Factor 2 - DeprivationIDACI - Band 5£566£610 Factor 2 - DeprivationIDACI - Band 6£708£763 Factor 3 - Looked After Children£525 Factor 4 - High Incidence low cost SEN *rates changed from last year£1,052£1,106 Factor 5 - English as Additional Language£885£3,344 Factor 6 - Lump Sum£120,000

5 DSG Distribution 2013-142014-15 Total Allocated £'m %Notional SEN % Pupil Led % Total Allocated £'m %Notional SEN % Pupil Led % Basic Entitlement (AWPU) 589.875.7% 597.775.9% Free School Meals 9.51.2% 9.21.2% Deprivation (IDACI) 30.33.9% 31.34.0% Looked After Children (LAC) 0.50.1% 0.60.1% English as Additional Language (EAL) 9.51.2% 10.61.3% Low Cost High Incidence SEN (Prior Attainment)44.15.7% 43.55.5% Lump Sum 64.78.3%0.4%64.68.2%0.4% London Fringe 1.60.2% 1.60.2% Business Rates 11.11.4%10.21.3% PFI 7.51.0% 7.81.0% MFG 12.51.6% 9.91.3% CAP (2.4)-0.3% 0.00.0% Total 778.7100.0%11.3%90.3%787.0100.0%11.3%90.5%

6 Low cost high incidence SEN funding (Prior Attainment) Primary Phase – Foundation Stage profile score replaced with a judgement – “Failed to achieve a good level of development” (FAGLD) Early Years Foundation Stage % = Year 1 - FAGLD plus Years 2 to 5 - Below a score of 78 2013-14 rate = £1,308 2014-15 rate = £1,052 2013-14 paid to 16% of pupils 2014-15 paid to 20% of pupils

7 Low cost high incidence SEN funding (Prior Attainment) Secondary Phase – 2013-14 KS2 level 3 or below in Maths & English 2014-15 KS2 level 3 or below in Either Maths or English 2013-14 rate = £2,551 2014-15 rate = £1,106 2013-14 paid to 11% of pupils 2014-15 paid to 24% of pupils

8 MFG

9 MFG continued Largest Cash(£) Protection Primary = £385k or 22% of its formula budget Secondary = £435k or 9% of its formula budget Largest % Protection Primary = same school as above Secondary = 13% or £342k of its formula budget

10 MFG continued Value of MFG expressed as a % of Formula Budget PrimarySecondaryAll ThroughTotal No of schools % % % % 0%30868.9%5865.2%150.0%36768.2% > 1%4610.3%77.9% 539.9% >2%235.1%55.6% 285.2% >3%173.8%55.6% 224.1% >4%92.0%55.6% 142.6% >5%122.7%22.2% 142.6% >6%71.6%11.1%150.0%91.7% >7%61.3%22.2% 81.5% >8%40.9%11.1% 50.9% >9%40.9%11.1% 50.9% >10%40.9%11.1% 50.9% >11%10.2% 1 >12%10.2% 1 >13% 11.1% 10.2% >15%10.2% 1 >16%30.7% 30.6% >23%10.2% 1 Total447100.0%89100.0%2 538100.0%

11 MFG continued PrimarySecondaryAll ThroughTotal 2014-15 (now) 142321175 2015-16 (+1 year)80211102 2016-17 (+2 years)5314168 2017-18 (+3 years)408149 2018-19 (+4 years)256031 2019-20 (+5 years)174021 2020-21 (+6 years)112013 2021-22 (+7 years)6107 2022-23 (+8 years)5106 2023-24 (+9 years)5005 2024-25 (+10 years)4004 2025-26 (+11 years)1001 2026-27 (+12 years)1001 2028-29 (+13 years)1001 2029-30 (+14 years)1001 2030-31 (+15 years)0000 2031-32 (+16 years)1001 Assuming MFG stays at -1.5%, schools on the MFG will see year on year reduction e.g 49 schools will have reduced budgets for a further three years

12 How did we balance the books? SFF Dec 2014-15 £’000 Actual £’000 Net DSG increase from growth in pupil numbers 2,6001,404 Transferred to High Needs Block MFG -1.5%2,0002,538 Rates (Buildings)435811 Planned reduction in INMSS placements 270 Already in High Needs Block Total5,3055,023 High Needs settlement just received. We are looking at the detail and will update the Forum as soon as we can


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