Bryan Slater Director of Education	Distribution
	All Nursery, Primary, Secondary and Special school headteachers

This document needs your action as detailed below:

ACTION	Title	Final 2003/04 Budget Share & Capital Allocations
	Summary of contents	· Covering Letter · Summary Sheet (Green) · LMSB2-3 (Green) · LMSCAP2004 (Green) · LMSBSF2004 (Green) · Changes to Budget Share form (Peach) – as applicable · LMSSEN (Blue) · LMSSENPRO (Blue) – as applicable
	Associated documents	Scheme for Financing Schools
	Date	23 April 2004
	Summary of action required	If the 2003/04 budget has increased/decreased: Schools using Cash Accounts or the LM Account: Amend the budget within the software to agree with the enclosed final allocation. This will ensure that the balance in hand, or overspend, will be calculated correctly. Foundation schools (using own software): Please ensure Budget Plan is loaded correctly to agree with the enclosed final allocation. This will ensure that the balance in hand, or overspend, will be calculated correctly.
	To be completed by	28 April 2004
	LEA Contact	See peach changes sheet	(
	E-mail address
	Norfolk Self Review reference	7. How well is the school led and managed? 8. How well does the school use its resources?
	Document reference	MI 92-04

FINAL BUDGET SHARE AND CAPITAL ALLOCATIONS FOR YEAR ENDED 31 MARCH 2004

I enclose the final Budget Share for the financial year 2003/04.

This includes all known adjustments for Rates, Hire of Facilities, SEN, Exclusions, Salary Support Grant – Threshold Supply and Standards Fund.

Rates

This ensures that the actual rates paid equal the allocation. Any further rates adjustment for the year will be corrected in the new financial year as a prior year adjustment.

Hire of Facilities

These are treated in the same way as rates. The allocation will equal the actual amount paid or received. Any further adjustments for the year will be corrected in the new financial year as a prior year adjustment.

SEN

This represents any final adjustments in relation to pupil bands allocations. If any further allocations are required, these will be processed in 2004/05.

Exclusions

These are the final exclusions for 2003/04. Any further allocations/deductions will occur in the 2004/05 financial year.

Salary Support Grant – Threshold Supply

Summer term 2003 threshold supply has been included on the final budget share.

The Salary Support breakdown sheet schools received with the previous budget change notification should be retained as the final 2003/04 position.

Standards Fund Allocations

Amendments have been made, where applicable. Please see the budget changes sheet, LMSCAP2004 and LMSBSF2004 for further information.

Schools using Cash Accounts or the LM Account

Please remember that these need to contain the final budget share values so that the year end balance in hand or over spend is correctly calculated.

The final budget share is also available on the EFS website at:

http://ictsolutions.norfolk.gov.uk/BudgetShare/Menu.asp

Yours sincerely

Hilary Bradshaw

Management Accountant