How the Statement is set out
The Regulations relating to Section 52 prescribe a standard format as well as content for publication of the budget statement. Budget statements are presented in seven parts for the prescribed period in the order specified:
The Schools Budget Summary Table: - provides an account of the main sources of funding available to LEAs for their schools and any additional funding provided by the LEA.
Table 1 - LEA level information: - provides an overall picture of the LEA's planned spending on educational provision (both Schools Budget and LEA Budget) in its area. Information provided in this table enables a comparison to be made between the funding being allocated direct to schools and the amount being spent other than on schools, retained centrally or devolved by the LEA.
- Central Expenditure Limit Annex: - demonstrates that the LEA is complying with the limit on increases in central expenditure within the Schools Budget.
- Youth Service Annex: - provides a breakdown of the LEA’s planned expenditure on its Youth Service.
Table 2 – School level information summary- summarises the main formula funding elements and lists the budget share and the per pupil or place share in each school.
Table 3 – Detailed School level information: - shows in detail how the LEA's formula (described in Table 4) has been applied to each school to calculate its budget share, including all the relevant factors and lump sums, and the numbers of pupils in each school year used to allocate pupil-led funding.
Minimum Funding Guarantee Calculator: The DfES no longer thinks it necessary to collect the level of detail on the calculation of each schools MFG now that it has been in place for a number of years. A website link to the Minimum Funding Guarantee Calculator is provided to assist with the calculation of the basic guarantee.
Table 4 – Funding Factors: - Sets out the details of every formula factor. Each school can relate its own budget share back to the items set out in this part. A complete list of all the factors and values in their formula and details of the funds allocated across all schools according to each factor are provided.
