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Financial Update

Financial Update. Administrators & Bursars 5 November 2009 Caroline Armstrong Senior Finance Manager. Dedicated Schools Grant (DSG). http://www.fairfundingfordevonschools.org.uk/

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Financial Update

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  1. Financial Update Administrators & Bursars 5 November 2009 Caroline Armstrong Senior Finance Manager

  2. Dedicated Schools Grant (DSG) • http://www.fairfundingfordevonschools.org.uk/ • The campaign has launched its petition on the 10 Downing Street site. Please sign up: petitions.number10.gov.uk/handsup4schools

  3. DSG Review • Comprehensive review of DCSF grant to fund schools • National consultation expected next spring • Any changes impact from 2011/12

  4. Local Funding Changes • 1 April 2010 • LSC transfer of funding responsibility to LA for post 16 • introduction of single funding formula for Early Years • 2011 possible changes to main formula – consultation next year

  5. 2010/11 Budgets (1) • Still very much work in progress • Significant cost pressures on DSG • Continuing increase cost of SEN statements • Potential cost of redundancy (even allowing for more redeployment) • Potential demand on contingency – including Early Years changes • Small saving – non school NJC pay costs

  6. 2010/11 Budgets (2) • Likely changes • Energy price assumptions (lower by 15 - 30%) • NJC pay inflation (lower, 1% not 2.5%) • Some services to schools prices may be held • Allocation of Harnessing Technology Grant (no longer equated to broadband cost)

  7. Changes in Tools & Processes • SIB becomes FIPS with a new format being tested… • 3 year plan template improved – ability to import staff details from SIMS, revised printing options (in testing now)

  8. Still with us. Central budgets expected to find 4% efficiency savings Audit Commission reports July 2009 – Valuable Lessons (Improving economy & efficiency in schools) Consider financial implications of plans Review surplus/deficit Ensure vfm goods & services Use workforce to best effect Collaborate Use data & info to support decisions What about efficiency agenda

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