To approve changes to the Kent County Council local funding formula for schools that is used to calculate school budgets from 1 April 2018.
In response to the Government confirming on 14 September 2017 the introduction of a soft National Funding Formula from 1 April 2018, Kent County Council is set to receive an additional £28m in 2018-19, and a further £22m in 2019-20. The Council will continue to operate a local funding formula for Kent maintained schools (and this formula is also used by the Education and Skills Funding Agency for calculating Kent academy budgets) during this two year period and legislation dictates that any changes to that formula is subject to an all school consultation.
Decision type: Key
Reason Key: Expenditure or savings of more than £1m;
Decision status: Deleted
Division affected: (All Division);
Notice of proposed decision first published: 13/11/2017
Decision due: Not before 11th Dec 2017 by Cabinet Member for Children, Young People and Education
Reason: In order that the proposed decision can be published for a minimum of 28 days, in accordance with statutory requirements
Lead member: Cabinet Member for Children, Young People and Education
Lead director: Patrick Leeson
Department: Education & Young People's Services
Contact: Simon Pleace, Revenue and Tax Strategy Manager Tel: 03000416947 Email: simon.pleace@kent.gov.uk Tel: 01622 694014.
Consultees
A consultation with all Kent schools and academies will be undertaken.
The proposed decision will be considered by the CYPE Cabinet Committee on 22 November 2017.
A members briefing will be held on 15 November 2017.
Financial implications: The costs of the new funding formula will be fully met from the Dedicated Schools Grant and will not be a cost to Council funding.
Legal implications: None
Equalities implications: An equalities impact assessment will be completed and this will accompany the consultation documentation.