Issue - meetings
Provisional Funding Formula for Mainstream Schools and Academies 2023/2024
Meeting: 13/12/2022 - Cabinet (Item 10)
10 Provisional Funding Formula for Mainstream Schools and Academies 2023-2024 
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Additional documents:
Minutes:
Background:
This report provided details of the 2023-24 funding arrangements for schools and academies and set out proposed changes to Medway’s mainstream schools and academies provisional funding formula.
The report stated that the financial modelling had been built using the October 2021 census data but that the final budget allocations would be based on actual pupil numbers from the autumn census in October 2022. The data was due to be released by the Department for Education in Mid-December 2022.
The proposals had been considered by the Schools’ Forum on 7 December 2022 and their comments and recommendation were set out in an addendum report.
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Decision number:
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Decision:
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The Cabinet noted the comments and recommendation from the Schools’ Forum, as set out in section 1 of the addendum report.
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147/2022 |
The Cabinet instructed officers to implement the 2023-24 provisional funding formula, as detailed in paragraph 4.2 of the main report and 1.3 of the addendum report. |
Reasons:
The local authority is required to implement the funding formula changes from 2023-24 in accordance with the regulations and to inform the Education Skills Funding Agency.