Formula Based on 2014/15 Rate 2014/15 % of Change for 2015/16 and Factor £ Total Comments Funding £’000s Basic October pupils excluding Primary: £2,383.67 101,617 75.95 Minimum of £2,000 for primary Entitlement high needs pupils in Key Stage 3 and £3,000 for secondary (age weighted Resource Bases £3,773.97 pupil unit) Key Stage 4: £4,017.58 Deprivation Free School Primary: £605.83 2,180 1.63 Secondary: £802.39 Looked After Pupils who are or have £500.00 60 0.04 Children been Looked for one day or more. Low Cost High Primary: pupils not £1,056.06 4,457 3.33 This is averaged over five year. The Incidence SEN achieving 78 on the Early results for each year will be - Primary Years Foundation Stage weighted so that, overall, is no Profile. From 2014/15: distortion caused by any particular pupils who have not year. achieved a good level of development. Low Cost high Secondary pupils not £1,713.92 4,998 3.74 Incidence SEN achieving KS2 4 or - Secondary above in English or level 4 or above in Maths English as an Pupils with EAL and who £900.00 850 0.64 Additional have entered compulsory Language education within the last three years in education Pupil Mobility Not used by South Gloucestershire Total Pupil led Total factors above N/A 114,162 85.33 Minimum of 80% of delegated factors schools block funding Lump Sum Per school £160,838 16,888 12.62 The maximum lump sum allowed will be £175,000 Sites site (one primary) £82,000 82 0.06 Estimated Various 2,634 1.97 Exceptional Actual cost (1 primary Various 6 0.01 Circumstances - Rent Minimum Nationally set at 1.5% n/a 18 0.01 The financial cap on gainers cannot Funding maximum loss. South exceed the amount needed to cover Guarantee Gloucestershire gainers the financial amount that schools capped at 1.5% receive through the MFG. The cap will be increased to 16% Total Formula 133,790 100.00 Funding
Formula Factor Based on 2014/15 Rate £ 2014/15 £’000s % of Total Funding Change for 2015/16 and Comments Basic Entitlement (age weighted pupil unit) October pupils excluding high needs pupils in Resource Bases Primary: £2,383.67 Key Stage 3 £3,773.97 Key Stage 4: £4,017.58 101,617 75.95 Minimum of £2,000 for primary and £3,000 for secondary Deprivation Free School Primary: £605.83 Secondary: £802.39 2,180 1.63 Looked After Children Pupils who are or have been Looked for one day or more. £500.00 60 0.04 Low Cost High Incidence SEN - Primary Primary: pupils not achieving 78 on the Early Years Foundation Stage Profile. From 2014/15: pupils who have not achieved a good level of development. £1,056.06 4,457 3.33 This is averaged over five year. The results for each year will be weighted so that, overall, is no distortion caused by any particular year. Low Cost high Incidence SEN - Secondary Secondary pupils not achieving KS2 4 or above in English or level 4 or above in Maths £1,713.92 4,998 3.74 English as an Additional Language Pupils with EAL and who have entered compulsory education within the last three years in education £900.00 850 0.64 Pupil Mobility Not used by South Gloucestershire Total Pupil led factors Total factors above N/A 114,162 85.33 Minimum of 80% of delegated schools block funding Lump Sum Per school £160,838 16,888 12.62 The maximum lump sum allowed will be £175,000 Sites site (one primary) £82,000 82 0.06 Estimated Various 2,634 1.97 Exceptional Circumstances - Rent Actual cost (1 primary Various 6 0.01 Minimum Funding Guarantee Nationally set at 1.5% maximum loss. South Gloucestershire gainers capped at 1.5% n/a 18 0.01 The financial cap on gainers cannot exceed the amount needed to cover the financial amount that schools receive through the MFG. The cap will be increased to 16% Total Formula Funding 133,790 100.00
Schools-Forum-Agenda-and-Papers-for-11th-September-14.docx