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Revenue & Capital Funding. Simon Darby Charlotte Foley. Revenue Funding. £450m September 2014 to March 2015 £625m April 2015 to March 2016 To fund meals provided to under 7s not eligible for FSM under benefit criteria
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Revenue & Capital Funding • Simon Darby • Charlotte Foley
Revenue Funding • £450m September 2014 to March 2015 • £625m April 2015 to March 2016 • To fund meals provided to under 7s not eligible for FSM under benefit criteria • Allocation will be based on meals served to these under 7s at £2.30 per meal • Data collection method not yet announced
Revenue Funding • Potential Funding from Grant £5.4m (14/15) then £7.6m (15/16) • Other Potential Revenue Benefits • Reduction in overall cost per meal produces saving in cost of all current meals served • If current charge to a pupil for a paid meal is less than £2.30 a further saving will be realised
UFSM Capital • Allocation of £1.68M for maintained schools and £343K earmarked for VA schools • Academies funded separately • CS Chief Officer decision to top slice 20%, £336K • for equipment • CS will bring forward a capital programme up to £1.34M based on need • Next steps are viability and feasibility work to see if expansions are possible • Interim solutions will have to be in place for September 2014
