Decision details

Schools Funding Formula (WL)

Decision Maker: Cabinet Member for Children and Young People, Communities and Culture

Decision status: Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

The Schools funding formula is the mechanism by which schools in the Local Authority are funded. The DFE issue direction and guidance on the make up and values of the formula but local decisions are made to the exact mechanisms

Decision:

The Cabinet Member agrees that

 

1.  Agree the changes to the formula set out in the report, adopting the new methodology of the National Funding Formula (NFF) and to utilise the factor values provided by the DFE, providing the resources are available.

2.  Agree that should resources not allow the funding of the formula factors in full that a proportionate reduction of all factors is made to reduce the allocations to fit the resources available

 

Reasons for the decision:

The Local Authority is continuing to mirror the National Funding Formula (NFF) as prescribed by the DFE. This approach has been followed for several years in line with the desires of both maintained schools and academies.

 

The approach will ensure that school funding allocations are as close to the NFF as possible so that when the DFE take control of the formula decisions (DFE plans suggest 2023-24 financial year) the schools allocations from local decision making will not be significantly different thus avoiding turbulence in school budgeting.

 

Alternative options considered:

There are many options available to allocate funding to schools and schools forum discussed the strategy of following the NFF on several occasions.

 

As part of that strategy several options for the allocation of the resources to schools were considered prior to the consultation of schools on the proposals in this report. Several alternatives were set out the in the schools consultation paper

Interests and Nature of Interests Declared:

None

Publication date: 11/01/2022

Date of decision: 10/01/2022

Effective from: 19/01/2022

Accompanying Documents: