Agenda

The purpose of this report is to inform Schools Forum of the projected revenue expenditure of the Dedicated Schools Grant (DSG) for the current financial year 2020-21 as at the end of June 2020.

RECOMMENDED that Schools Forum:

(1)  Notes the forecast year-end budget position for the Dedicated Schools Grant as at 30 June 2020, together with the associated explanations contained within this report.

(2)  Endorses the revisions to the 2020-21 budget as set out in Appendix and section 4.

Purpose of report

To provide Schools Forum with an update on the latest developments in respect of the future school revenue funding arrangements for the financial year 2021-22 onwards.

RECOMMENDED

1.1         It is recommended that Schools Forum:

1.1.1    Note the Department for Education's proposed changes to school revenue funding arrangements for 2021-22 as set out in this report.

1.1.2    Endorse the proposals for implementing the local funding formula arrangements  as set out in this report; in particular to:

·                     Implement the National Funding Formula rates for both primary and secondary schools in in 2021-22, as set out in Appendix 1;

·                     Implement a minimum funding guarantee (MFG) of at least +0.5% and up to +2.0% subject to affordability, for 2021-22 as set out in paragraphs 5.16

·                     The method of managing affordability as set out in paragraph 5.17.

·                     Implement the disapplication request as set out in section 6.