Update on 2014-15 School Budgets
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Update on 2014-15 School Budgets. Schools’ Funding Forum, 21 March 2014. Simon Pleace, Revenue Finance Manager. 2014-15 School Budgets. On 21 Jan we submitted our pro-forma to the EFA No challenge from EFA, everything OK

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Update on 2014 15 school budgets

Update on 2014-15 School Budgets

Schools’ Funding Forum, 21 March 2014

Simon Pleace, Revenue Finance Manager


Update on 2014 15 school budgets

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


2014 15 school budgets

2014-15 School Budgets

2nd year of our new look simplified formula

Final year of 2011-2015 spending review

MFG set at -1.5% again

Gains cap has been removed

LAC Pupil Premium – greater role for the Local Authority

De-delegation continues for another year


Update on 2014 15 school budgets

Kent Formula Funding Rates


Update on 2014 15 school budgets

DSG Distribution


Update on 2014 15 school budgets

  • 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


Update on 2014 15 school budgets

  • 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


Update on 2014 15 school budgets

MFG


Update on 2014 15 school budgets

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


Update on 2014 15 school budgets

MFG continued


Update on 2014 15 school budgets

MFG continued

  • 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


Update on 2014 15 school budgets

How did we balance the books?

  • 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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