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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

Schools’ Funding Forum, 21 March 2014

Simon Pleace, Revenue Finance Manager

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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

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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
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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

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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

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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
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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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