Page last updated 15 April 2014
 

Budget and Funding Information

 

Budget Top Ups and School Transfers

With effect from April 2013, budget top ups and school cash transfers will be delivered via both monthly and quarterly payments to school bank accounts.  An updated explanatory note is provided below:

Any funding queries should be directed by email to the address provided against each funding stream as shown in the top up date file as follows:  

  

2014-15 Special Schools Budgets

A consolidated information sheet showing special school budgets for 2014-15 is now available. Please enter your establishment number on the first worksheet in the excel file below (a list is available in the document if you are not sure) - this will populate the schools information which you can view and print as required:

 2014-15 Primary and Secondary School and Academy Budgets

A consolidated information sheet showing confirmed and indicative budgets for 2014-15 is now available.  A separate briefing note is also available for guidance.  Please enter your establishment number on the first worksheet in the excel file below (a list is available in the document if you are not sure) - this will populate the summary sheet plus supporting pages which you can view and print as required:

2014-15 EYSFF (Early Year Single Funding Formula) 3 & 4 Year Olds Indicative Budgets

A consolidated information sheet showing indicative EYSFF budgets for 2014-15 is now available.  A separate briefing note is also available for guidance.  Please enter your establishment number on the first worksheet in the excel file below (a list is available in the document if you are not sure) - this will populate the schools information which you can view and print as required:

 

Important Funding Information for Schools with Sixth Forms

Information on the changes to 16-19 funding for the 2014 to 2015 academic year are set out in the letter from Peter Mucklow on 10 December and are explained in a series of slides from the Education Funding Agency (EFA).

These cover:

  • areas where funding policy is changing
  • funding per student update
  • 16-19 allocations for 2014 to 2015
  • high needs funding.

The slides can be found at the following link:

Should you have any queries please send them to: YPCentralSW.EFA@education.gsi.gov.uk

Universal Infant Free School Meal Capital Allocations 2014/15 (LA Maintained Schools)

Following the Government announcement regarding Universal Infant Free School meals capital funding, the workbook below provides the amount allocated to eligible maintained schools. (Voluntary Aided Schools should contact their Diocese).  The allocations are based on a per pupil (R, Y1 & 2) basis with a lump sum of £5000 for infant schools (figures based on October 2013 Census).

The allocations will be devolved to schools under the schools transfer arrangements in the first couple of months of the 2014/15 financial year.

Guidance is being sought from the DfE regarding some schools who are imminently converting to academy status regarding their capital allocations.

2014-15 School Budgets - JANUARY 2014 Information

Schools and Academies Indicative Budget for 2014-15

2013-14 School and Academy Budgets

A consolidated information sheet showing confirmed and indicative budgets for 2013-14 is now available.  A separate briefing note is also available for guidance.  Please enter your establishment number (a list is available if you are not sure) on the worksheet below - this will populate the summary sheet plus supporting pages which you can view and print as required:

Schools Block Funding Formula 2013-14

High Needs Funding

Full details including online application forms are now available on the High Needs Funding webpage.

Early Years Funding

Please visit the Early Years website where further information is available.

We are also providing a lookup tool for early years schools as follows:

 

Other Funding

 

Year 7 Catch Up Funding 2013-14

We have now received the Year 7 Catch Up Funding Allocations for 2013-14 which will be distributed in the March transfers.

Primary PE and Sports Grant 2013-14

Pupil Premium

Update: Extra funding has been allocated by the Department for Education through the main deprivation Pupil Premium. This has been paid in the February transfers.  The additional funding adds £53 to take the 2013-14 deprivation rate up to £953. Please note this additional funding has not been added into the tool below.

An initial allocation of Pupil Premium was made in the 2013-14 Budget notification above.  We have now received the updated pupil data and the following tool provides details of the final workings:

Devolved Formula Capital

Funding allocations were included in the July 2013 school transfers file (see below).

Budget Planning Guide

We have produced a guide to budget planning which explains the process and factors to be taken into account when producing a school budget:

Bank Advances

Budget Planning Tools

The latest version of the tools available for schools to use in their budget planning are available below. Please save the file in a location of your choice and enable macros (if requested) when you open it.

We would strongly recommend that you print any notes or other guidance included with the tools which will help you in utilising the information required.

Cash Flow Monitoring

All schools are advised to monitor their cash flow throughout the year to ensure that they have sufficient funds in their bank account. An example of a cash flow spreadsheet is available below:

In the event that a school has to apply for an accelerated cash advance, they will be required to provide a copy of the above spreadsheet.

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