Issue - meetings

Background:

This report provided details of the 2024-25 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 2022 census data but that the final budget allocations would be based on actual pupil numbers from the autumn census in October 2023. The data was due to be released by the Department for Education in Mid-December 2023.

The proposals had been considered by the Schools Forum on 6 December 2023 and their recommendation to Cabinet was set out at paragraph 5.5 of the report.

Reasons:

The local authority is required to implement the funding formula changes from 2024-25 in accordance with the regulations and to inform the Education Skills Funding Agency.