Management Information Sheet
School Balances - Request for Additional Exception
The current Fair Funding consultation includes a proposal to enable schools to carry forward additional year-end surplus balances, subject to the production of supportive evidence.
One suggestion that has been made is that this proposal be implemented in time to be included in the March 2011 balance reconciliation process. If the consultation process ends in this suggestion being implemented for March 2011, it will require information to be collected from schools in a very short period of time.
To minimise this time pressure it has been agreed with the Schools' Forum that it would be reasonable to provide schools with advance details of the process that would be put in place in order for schools to request an additional exception for the carrying forward of surplus balances and ask that schools consider their needs prior to the outcome of the Fair Funding consultation process.
Attached for your consideration are details of the process for schools to request an additional surplus balance exception together with the timescale for the information to be submitted. Clearly, these details have been produced prior to the conclusion of the consultation process which might result in a different outcome.
One suggestion that has been made is that this proposal be implemented in time to be included in the March 2011 balance reconciliation process. If the consultation process ends in this suggestion being implemented for March 2011, it will require information to be collected from schools in a very short period of time.
To minimise this time pressure it has been agreed with the Schools' Forum that it would be reasonable to provide schools with advance details of the process that would be put in place in order for schools to request an additional exception for the carrying forward of surplus balances and ask that schools consider their needs prior to the outcome of the Fair Funding consultation process.
Attached for your consideration are details of the process for schools to request an additional surplus balance exception together with the timescale for the information to be submitted. Clearly, these details have been produced prior to the conclusion of the consultation process which might result in a different outcome.