Issue - meetings

Following the introduction of the changes to the local Schools Fair Funding formula in April 2013 this report sets out the proposals for the second year of the new formula for 2014/15.

(i)         that approval be given to the proposed change in the funding ratio between primary and secondary sectors from 1: 1.09 to 1: 1.27 for 2014/15 thereby also addressing the excessively high level of Minimum Funding Guarantee;

(ii)        that the proposed schools budget for 2014/15 be approved.

Following the introduction of the changes to the local Schools Fair Funding formula in April 2013 the report from the Acting Director of Children and Families set out the proposals for the second year of the new formula for 2014/15. The Executive had the statutory responsibility to approve and set the Fair Funding Formula following consultation with the Schools Forum and the report sought approval to the changes for 2014/15.

Councillor Pavey (Lead Member, Children and Families) referred to the consultation process on the formula which involved work by a sub group of representatives from schools, the Schools Forum and individual schools on the proposals and the implications for each school's budget and pointed to the generous distribution in favour of primary schools compared to the national average.

RESOLVED:

(i)         that approval be given to the proposed change in the funding ratio between primary and secondary sectors from 1: 1.09 to 1: 1.27 for 2014/15 thereby also addressing the excessively high level of Minimum Funding Guarantee;

(ii)        that the proposed schools budget for 2014/15 be approved.