Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Approval for the local schools funding formula
Key Decision identified as Schools Funding Formula 2020/21 in the Notice of Key Decisions published on 4 December 2019.
Councillor S A W Reynolds, Cabinet Member: Children, Young People and Education presented the report of the Assistant Director: Education & Corporate Parenting. It was reported that each year the local funding formula was reviewed for mainstream schools in the context of revisions to Department for Education (DfE) regulations or any other relevant developments. The Council made the final decision on the funding formula having consulted with schools and the Schools Forum regarding any changes. The local funding formula applied both to academies and maintained schools and in 2020/21 would determine the distribution of around £126m of funding, which included an additional allocation of approximately £9m for schools..
Proposals for 2020/21 were noted as the local funding formula would move towards the DfE’s National Funding Formula model for school funding, details of which were published in 2017, and the protection for schools would be improved by increasing the minimum funding guarantee to 1.84%;
The revised funding formula had to be submitted to the DfE agency - the Education & Skills Funding Agency (ESFA) by 21 January 2020. The report sought Cabinet approval for the proposed 2020/21 funding formula for Telford & Wrekin mainstream schools.
RESOLVED that the 2020/21 funding formula for Telford & Wrekin mainstream schools, as consulted on with the Schools Forum, be approved.
Report author: Tim Davis
Publication date: 08/01/2020
Date of decision: 02/01/2020
Decided at meeting: 02/01/2020 - Cabinet