Agenda item

Update on National Fair Funding

Minutes:

Coral Miller, Principal Accountant, gave a verbal update National Fair Funding.  The Council had met the Department for Education (DfE) on 11th November and the DfE had subsequently published details of local authority revenue funding and operational guidance for 2017-18 on 1st December. 

 

Final allocations for schools and high needs blocks would be confirmed on the basis of pupil numbers recorded in the October census.  The minimum funding guarantee (MFG) for schools would be retained so that no school could face a funding reduction of more than 1.5% per pupil in what it received through the local authority funding formula.

 

The changes also included using a national weighting for secondary low attainment figures and new bandings for the index of deprivation affecting children (IDACI) which may be beneficial to Slough.  Local authorities would submit one authority proforma tool (APT) in January 2017.  Further work and consultation would be undertaken in the coming weeks and an update would be provided to the Forum in January. The Task Group (5-16 formula) is meeting on 5th January when fully worked models will be available.