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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 School Budgets Schools’ Funding Forum, 21 March 2014 Simon Pleace, Revenue Finance Manager

2 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 School Budgets 1.2 nd year of our new look simplified formula 2.Final year of 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 Total Allocated £'m %Notional SEN % Pupil Led % Total Allocated £'m %Notional SEN % Pupil Led % Basic Entitlement (AWPU) % % Free School Meals % % Deprivation (IDACI) % % Looked After Children (LAC) % % English as Additional Language (EAL) % % Low Cost High Incidence SEN (Prior Attainment) % % Lump Sum %0.4% %0.4% London Fringe % % Business Rates % % PFI % % MFG % % CAP (2.4)-0.3% % Total %11.3%90.3% %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 rate = £1, rate = £1, paid to 16% of pupils paid to 20% of pupils

7 Low cost high incidence SEN funding (Prior Attainment) Secondary Phase – KS2 level 3 or below in Maths & English KS2 level 3 or below in Either Maths or English rate = £2, rate = £1, paid to 11% of pupils 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% %5865.2%150.0% % > 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 Total % % %

11 MFG continued PrimarySecondaryAll ThroughTotal (now) (+1 year) (+2 years) (+3 years) (+4 years) (+5 years) (+6 years) (+7 years) (+8 years) (+9 years) (+10 years) (+11 years) (+12 years) (+13 years) (+14 years) (+15 years) (+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 £’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) 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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