As an example, the formula uses various proxy indicators to calculate a SEN element. This is purely notional and is neither a minimum nor maximum spend guide. Schools must meet the needs of all SEN in their school from the whole budget, regardless of the SEN notional pupils’ amount (see 3.8) generated by the formula. LA schools will receive notification of their budgets for the forthcoming year on the 26 February. The funding in this guidance relates to a budget allocation for the financial year April to March. All pupil-related elements of funding, unless stated, are based on the October census that precedes the February budget notification. Funding is for a 12 month period and is not normally adjusted for individual changes to data during the year. This principle is intended to give schools certainty over the funding they have available for the year to assist forward planning. It provides a degree of cushioning against pupil number reductions as any loss of pupils, typically in September, will not affect the budget until the following year. There is some assistance for Growth in Pupils numbers, see . The EFA will replicate the process for calculating the academies ISB. An academies financial LA’s year runs for the period September to August and will be based on the financial year April to LA’s March. LA Schools Academies Formula budget -School Budget Template Formula budget General Accounting – – guidance section 2 Grant (GAG) statement issued by the EFA guidance section 2 – Link Mainstream School Budget Template, tabs- Year 1, Year 2, Year 3 and MFG Growth Funding guidance section 5 Growth Funding guidance section 5 – – Mainstream High Needs Funding guidance Mainstream High Needs Funding – – section 3 guidance section 3 Link 2016-17 Academy template tab High – Needs Mainstream Specialist Resource Provision (SRP) Specialist Resource Provision (SRP) – – guidance section 3 guidance section 3 Early Years Funding guidance section 4 Early Years Funding guidance section 4 – – Section 1 - Formula Factors This part of the budget book relates to both LA schools and academies, however the funding for academies will not be passed to them by the LA, instead it will be passed to them by the EFA through their General Annual Grant (GAG). Note: In general the source of sections 1.1 to 1.27 are taken from the
As an example, the formula uses various proxy indicators to calculate a SEN element. This is purely notional and is neither a minimum nor maximum spend guide. Schools must meet the needs of all pupils’ SEN in their school from the whole budget, regardless of the SEN notional amount (see 3.8) generated by the formula. LA schools will receive notification of their budgets for the forthcoming year on the 26 February. The funding in this guidance relates to a budget allocation for the financial year April to March. All pupil-related elements of funding, unless stated, are based on the October census that precedes the February budget notification. Funding is for a 12 month period and is not normally adjusted for individual changes to data during the year. This principle is intended to give schools certainty over the funding they have available for the year to assist forward planning. It provides a degree of cushioning against pupil number reductions as any loss of pupils, typically in September, will not affect the budget until the following year. There is some assistance for Growth in Pupils numbers, see . The EFA will replicate the LA’s process for calculating the academies ISB. An academies financial year runs for the period September to August and will be based on the LA’s financial year April to March. LA Schools Academies Formula budget -School Budget Template – guidance section 2 Link Mainstream School Budget Template, tabs- Year 1, Year 2, Year 3 and MFG Formula budget – General Accounting Grant (GAG) statement issued by the EFA – guidance section 2 Growth Funding – guidance section 5 Growth Funding – guidance section 5 Mainstream High Needs Funding – guidance section 3 Mainstream High Needs Funding – guidance section 3 Link 2016-17 Academy template – tab High Needs Mainstream Specialist Resource Provision (SRP) – guidance section 3 Specialist Resource Provision (SRP) – guidance section 3 Early Years Funding – guidance section 4 Early Years Funding – guidance section 4 Section 1 - Formula Factors This part of the budget book relates to both LA schools and academies, however the funding for academies will not be passed to them by the LA, instead it will be passed to them by the EFA through their General Annual Grant (GAG). Note: In general the source of sections 1.1 to 1.27 are taken from the
Primary_and_Secondary_Schools_Funding_Guidance_2016-17.docx