Issue - meetings

Background:

This report advised the Cabinet that officers had formulated and consulted upon the 2019-20 schools and academies draft funding arrangements and set out the recommended changes to Medway’s mainstream schools and academies funding formula. The consultation had included the development of two funding formula options which had been presented to the Schools Forum, as set out in section 3 of the report.

The Cabinet noted that during the consultation the Schools Forum had provisionally agreed to the implementation of funding formula option two (to implement a revised Local Funding Formula (LFF) for 2019/20 that adjusts 10 of the unit costs attached to six funding factors used in the LFF, which is moving towards the National Funding Formula).

It was noted that the Cabinet would receive a further report on 5 February 2019 which would set out proposals for the final funding formula, which would be updated to reflect the 2018 school census data.

Reasons:

The local authority is required to implement the funding formula changes from 2019/20 in accordance with the regulations and to inform the Education Skills Funding Agency.