Issue - meetings

Final Funding Formula for Mainstream Schools and Academies 2016/2017

 

 

Meeting: 09/02/2016 - Cabinet (Item 6)

6 Final Funding Formula for Mainstream Schools and Academies 2016-2017 pdf icon PDF 32 KB

Minutes:

Background:

 

This report provided details of the final funding proposals for Medway’s schools and academies for 2016/2017.  Officers, working with the Schools Forum, had consulted with schools and academies on the 2016/2017 options and arrangements. It was noted that the Schools Forum had recommended these options and arrangements to Cabinet in October 2015, which were approved. Following this, the provisional funding formula was submitted to the Education Funding Agency (EFA) and was approved, subsequently, in December 2015. Final pupil numbers and the total funding available through the Dedicated Schools Grant (DSG) had been confirmed by government.

 

The Schools Forum met on 13 January 2016 and its final recommendations to Cabinet were set out in paragraph 3 of the report.

 

Decision number:

Decision:

13/2016

The Cabinet instructed officers to implement the new funding formula for schools and academies and approve the Final Funding Formula 2016-2017, as set out in paragraph 3.5 of the report.

 

Reasons:

 

The Council is required to implement the funding formula changes from 2016-2017 in accordance with the School and Early Years Finance (England) Regulations 2014. This is a Cabinet function.