Update on 2014-15 School Budgets

1. Update on 2014-15 School Budgets Schools’ Funding Forum, 21 March 2014 Simon Pleace, Revenue Finance Manager

2. 2014-15 School Budgets • On 21 Jan we submitted our pro-forma to the EFA • No challenge from EFA, everything OK • Updated 3 year financial planning tool . . . but delayed due to TCP % decision • Published budget templates on KTW on 3 March • Issued PRU budgets for the first time • Documentation issued to explain key changes

3. 2014-15 School Budgets 2nd year of our new look simplified formula Final year of 2011-2015 spending review MFG set at -1.5% again Gains cap has been removed LAC Pupil Premium – greater role for the Local Authority De-delegation continues for another year

4. Kent Formula Funding Rates

5. DSG Distribution

6. Low cost high incidence SEN funding (Prior Attainment) • Primary Phase – Foundation Stage profile score replaced with a judgement – “Failed to achieve a good level of development” (FAGLD) • Early Years Foundation Stage % = Year 1 - FAGLD plus Years 2 to 5 - Below a score of 78 • 2013-14 rate = £1,308 • 2014-15 rate = £1,052 • 2013-14 paid to 16% of pupils • 2014-15 paid to 20% of pupils

7. Low cost high incidence SEN funding (Prior Attainment) Secondary Phase – 2013-14 KS2 level 3 or below in Maths & English 2014-15 KS2 level 3 or below in Either Maths or English 2013-14 rate = £2,551 2014-15 rate = £1,106 2013-14 paid to 11% of pupils 2014-15 paid to 24% of pupils

8. MFG

9. MFG continued Largest Cash(£) Protection Primary = £385k or 22% of its formula budget Secondary = £435k or 9% of its formula budget Largest % Protection Primary = same school as above Secondary = 13% or £342k of its formula budget

10. MFG continued

11. MFG continued • Assuming MFG stays at -1.5%, schools on the MFG will see year on year reduction • e.g 49 schools will have reduced budgets for a further three years

12. How did we balance the books? • High Needs settlement just received. We are looking at the detail and will update the Forum as soon as we can