Payment 10: 21st June 2019 Summer Forecast 25% Payment 6: 26th July 2019 Payment 11: 26th July 2019 Summer Actual 25% Summer Forecast 25% Plus Spring Amendment Plus Spring Amendment Payment 12: 16th August 2019 Summer Actual 25% Summer Amendment Task: Payment to be made in Autumn Term 2019 date to be – shared at a later date. Payment breakdown example for each option (based on autumn term) Small provider Medium provider provider Autumn Forecast 1 x 3 year old for 10 x 3 year olds for 25 x 3 year olds for 15 Task 15 hours a week 15 hours a week hours a week Termly Funding 1 x 14 weeks x 10 x 14 weeks x 25 x 14 x 15 hours 15 hours x £3.93 15 hours x £3.93 = x £3.93 = £20,632.50 = £825.30 £8,253 Option 1: Payment 1: 21/09/18 £618.98 £6,189.75 £15,474.38 Payment 2: 26/11/18 £206.32 £2,063.25 £ 5,161.12 Option 2: Payment 1: 21/09/18 £206.32 £2,063.25 £5,158.12 Payment 2: 19/10/18 £206.32 £2,063.25 £5,158.12 Payment 3: 23/11/18 £206.32 £2,063.25 £5,158.12 Payment 4: 13/12/18 £206.34 £2,063.25 £5,158.14 Additional child starting after Autumn Forecast Task (for 15 hours and put on Autumn Actual Task) Option 1 Payment: 26/11/18 £825.30 £825.30 £825.30 Option 2 Payment: 13/12/18 £825.30 £825.30 £825.30 Further additional child starting after Autumn Actual Task for 15 hours and put on Autumn Amendment Task Both Options: Payment: 22/03/19 £825.30 £825.30 £825.30
Payment 10: 21st June 2019 Summer Forecast 25% Payment 6: 26th July 2019 Summer Actual 25% Plus Spring Amendment Payment 11: 26th July 2019 Summer Forecast 25% Plus Spring Amendment Payment 12: 16th August 2019 Summer Actual 25% Summer Amendment Task: Payment to be made in Autumn Term 2019 – date to be shared at a later date. Payment breakdown example for each option (based on autumn term) Small provider Medium provider provider Autumn Forecast Task 1 x 3 year old for 15 hours a week 10 x 3 year olds for 15 hours a week 25 x 3 year olds for 15 hours a week Termly Funding 1 x 14 weeks x 15 hours x £3.93 = £825.30 10 x 14 weeks x 15 hours x £3.93 = £8,253 25 x 14 x 15 hours x £3.93 = £20,632.50 Option 1: Payment 1: 21/09/18 Payment 2: 26/11/18 £618.98 £206.32 £6,189.75 £2,063.25 £15,474.38 £ 5,161.12 Option 2: Payment 1: 21/09/18 Payment 2: 19/10/18 Payment 3: 23/11/18 Payment 4: 13/12/18 £206.32 £206.32 £206.32 £206.34 £2,063.25 £2,063.25 £2,063.25 £2,063.25 £5,158.12 £5,158.12 £5,158.12 £5,158.14 Additional child starting after Autumn Forecast Task (for 15 hours and put on Autumn Actual Task) Option 1 Payment: 26/11/18 £825.30 £825.30 £825.30 Option 2 Payment: 13/12/18 £825.30 £825.30 £825.30 Further additional child starting after Autumn Actual Task for 15 hours and put on Autumn Amendment Task Both Options: Payment: 22/03/19 £825.30 £825.30 £825.30
EEF-Payment-Model-Options.docx