Appendix 1 Growth Fund - example of the lag in funding – School with a PAN of 60 with a bulge class working its way through year groups from 1 September 2018 Financial Year 2018/19 Financial Year 2019/20 Budget Budget Example of funding Example of funding Share Pupils from Share Pupils from Budget if pupil numbers Budget Share if pupil numbers Pupils September Pupils September Funding used from Funding used from (Oct 17 2018 (Oct 18 2019 September 18 September 19 NOR) NOR) Year R 60 180,000 90 270,000 90 270,000 60 180,000 Year 1 60 180,000 60 180,000 60 180,000 90 270,000 Year 2 60 180,000 60 180,000 60 180,000 60 180,000 Total 180 540,000 210 630,000 210 630,000 210 630,000 Financial Year 2020/21 Financial Year 2021/22 Budget Budget Example of funding Example of funding Share Pupils from Pupils from Budget if pupil numbers Budget Share if pupil numbers Pupils September Pupils September Funding used from Funding used from (Oct 19 2020 (Oct 20 2021 September 20 September 21 NOR) NOR) Year R 60 180,000 60 180,000 60 180,000 60 180,000 Year 1 90 270,000 60 180,000 60 180,000 60 180,000 Year 2 60 180,000 90 270,000 90 270,000 60 180,000 210 630,000 210 630,000 210 630,000 180 540,000 Total Summary
Appendix 1 – Growth Fund - example of the lag in funding School with a PAN of 60 with a bulge class working its way through year groups from 1 September 2018 Financial Year 2018/19 Financial Year 2019/20 Budget Share Pupils (Oct 17 NOR) Budget Funding Pupils from September 2018 Example of funding if pupil numbers used from September 18 Budget Share Pupils (Oct 18 NOR) Budget Share Funding Pupils from September 2019 Example of funding if pupil numbers used from September 19 Year R 60 180,000 90 270,000 90 270,000 60 180,000 Year 1 60 180,000 60 180,000 60 180,000 90 270,000 Year 2 60 180,000 60 180,000 60 180,000 60 180,000 Total 180 540,000 210 630,000 210 630,000 210 630,000 Financial Year 2020/21 Financial Year 2021/22 Budget Share Pupils (Oct 19 NOR) Budget Funding Pupils from September 2020 Example of funding if pupil numbers used from September 20 Budget Pupils (Oct 20 NOR) Budget Share Funding Pupils from September 2021 Example of funding if pupil numbers used from September 21 Year R 60 180,000 60 180,000 60 180,000 60 180,000 Year 1 90 270,000 60 180,000 60 180,000 60 180,000 Year 2 60 180,000 90 270,000 90 270,000 60 180,000 210 630,000 210 630,000 210 630,000 180 540,000 Total Summary
2018-2019-SchFund-SchoolFundingPolicyPack2018-19.docx