Issue - decisions

Formal Approval of Schools Funding Formula 2023/24

18/01/2023 - Formal Approval of Schools Funding formula 2023/24

Deputy Leader of the Council (inc Children, Education & Young People's Services) AGREED to APPROVE the final funding formula for 2023/24 subject to the decision by the Secretary of State for Education regarding permission to transfer 0.5% (£2.38m) from the Schools’ block to support High Needs expenditure. Should there be a shortfall of funding, the Deputy Leader of the Council (inc Children, Education & Young People's Services) also AGREED to endorse the methodology of a % reduction in Age Weighted Pupil Unit (AWPU) to balance the funding