Issue - meetings

Funding Formula for Mainstream Schools and Academies 2016/2017

 

 

Meeting: 27/10/2015 - Cabinet (Item 11)

11 Provisional Funding Formula for Mainstream Schools and Academies 2016-2017 pdf icon PDF 175 KB

Minutes:

Background:

 

This report provided details of the formula used to distribute Dedicated Schools Grant (DSG) funds to Medway schools and academies which was a ring-fenced fund. It was noted that regulations prevented the DSG being spent on anything other than schools or academies.

 

The report set out the timetable for the development of the funding formula for 2016/2017, with a final decision scheduled to be taken by Cabinet in February 2016.

 

Decision number:

Decision:

144/2015

The Cabinet instructed officers to implement the 2016-17 funding formula for schools and academies as follows:   

 

a)    To continue to cap the gains from the funding formula at 1.5% per pupil, as set out in paragraph 2.9 of the report.

b)   To use the funding factors listed to balance the total allocated through the funding formula back to the funding actually received from government via the Dedicated Schools Grant (DSG), as set out in paragraphs 3.4 and 3.5 of the report.

 

Reasons:

 

The Local Authority is required to implement the funding formula changes from 2016-17 in accordance with the regulations and to inform the Education Funding Agency of the formula by 30 October 2015.