Contact: Andrew Minall, 01962 846408; Gordon Shinn, 01962 847545; Summary This paper provides further information on the impact of the options of dealing with the Capped Gains (Cap) and Minimum Funding Guarantee (MFG) elements of the school funding formula for 2015/16, as discussed in detail at Schools Forum on 9 July 2014. As previously considered, due to the differences in the funding formulae and the subsequent methodology used for MFG, special schools, nursery schools and education centres are excluded from this discussion Primary and secondary academies are included. Schools Forum is asked to agree to the recommended approach of allocating any additional funds to both the AWPU factor, (on a permanent basis) and to schools currently capped (one-off funding), subject to consideration of the 2015/16 budget at Schools Forum in December 2014 and January 2015. Background In March 2012, the Government set out its intention to reform school funding, with a new national approach to be implemented locally from April 2013 and an intention to move to a national funding formula in the next spending review. Proposals were refined following a period of consultation, details of which can be found on the Department for Education (DfE) . Locally, there has been wide consultation with schools and other representative groups. Schools Forum agreed the changes resulting from the funding reform for 2013/14, and the formula for 2014/15 was agreed as part of a consultation process during autumn 2013. In to reduce the impact of changes in the funding formula, the DfE advised that budget protection arrangements could be put in place by authorities.
Contact: Andrew Minall, 01962 846408; Gordon Shinn, 01962 847545; Summary This paper provides further information on the impact of the options of dealing with the Capped Gains (Cap) and Minimum Funding Guarantee (MFG) elements of the school funding formula for 2015/16, as discussed in detail at Schools Forum on 9 July 2014. As previously considered, due to the differences in the funding formulae and the subsequent methodology used for MFG, special schools, nursery schools and education centres are excluded from this discussion Primary and secondary academies are included. Schools Forum is asked to agree to the recommended approach of allocating any additional funds to both the AWPU factor, (on a permanent basis) and to schools currently capped (one-off funding), subject to consideration of the 2015/16 budget at Schools Forum in December 2014 and January 2015. Background In March 2012, the Government set out its intention to reform school funding, with a new national approach to be implemented locally from April 2013 and an intention to move to a national funding formula in the next spending review. Proposals were refined following a period of consultation, details of which can be found on the Department for Education (DfE) . Locally, there has been wide consultation with schools and other representative groups. Schools Forum agreed the changes resulting from the funding reform for 2013/14, and the formula for 2014/15 was agreed as part of a consultation process during autumn 2013. In to reduce the impact of changes in the funding formula, the DfE advised that budget protection arrangements could be put in place by authorities.
2014-2015SchFundBudgetShares-SchoolsForumCAPandMFGmodellingpaperfor221014V2.docx