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2013-14 Year End Funding Update for Schools: Balances, Proposals, and Capital Funding Insights

The 2013-14 year-end funding update reveals overall revenue balances of £15m across all school sectors, an increase of £1.5m from the previous year. While few schools have excessive balances, those that do must explain their situations. Concerns arise over how these balances might affect Cambridgeshire's fair funding campaign. The 2015-16 funding consultation includes proposed per pupil funding levels and highlights financial pressures on high needs and growth funding. Additionally, the Priority Schools Building Programme 2 aims to address the needs of severely underfunded schools.

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2013-14 Year End Funding Update for Schools: Balances, Proposals, and Capital Funding Insights

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  1. Funding Update for Finance Forums

  2. 2013-14 Year End • Year end revenue balances of £15m across all school sectors • An increase of £1.5m on the previous year • Very few schools individually have an excessive balance but those who do will be required to provide the reasons

  3. 2013-14 Year End • Danger that the increasing level of revenue balances will not help Cambridgeshire’s ongoing campaign for an increased level of fair funding

  4. 2015-16 Funding Consultation • Minimum per pupil funding levels for schools at a LA level • Proposed Schools Block per Pupil Funding = £4,225 • £275 per pupil increase for Cambridgeshire

  5. 2015-16 Funding Consultation • This does not address the immediate funding issues some schools are facing for the 2014/15 financial year • When final 2014/15 data is available the DfE may review the minimum funding levels and it is possible some local allocations may vary in order to fit within the envelope of funding available • The increase in per pupil funding each school will receive will be varied based on individual circumstances. However, schools are unlikely to see a £275 per pupil increase within their individual budgets

  6. 2015-16 Funding Consultation • Pressures on High Needs and Growth (including new schools) will also need to be funded from this overall increase • Those schools in receipt of MFG funding in 2014-15 are unlikely to see as large an increase and need to bear this in mind when forecasting 2015-16 funding

  7. Capital Funding • Priority Schools Building Programme 2 (PSBP) • DfE announced 1st May capital expenditure of around £2 billion covering 2015-2021 • Aimed at addressing the needs of some of the worst condition schools in the country

  8. Capital Funding • Local authorities, dioceses & academies will be able to submit expressions of interest for entire school sites or individual buildings • DfE anticipate the bar for inclusion to be high to ensure resources are targeted on those schools in the very worst conditions • Expect expressions of interest for a small number of high priority schools

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