Vale of Glamorgan Council
Cyngor Bro Morgannwg
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School Finance

Information relating to Section 52, Comparative Data, Fair Funding Scheme, Clawback Scheme and Medium Term Financial Plan

 


 

  • Fair Funding Scheme for Financing Schools

    Each Local Authority is required to have a Fair Funding Scheme for Financing Schools in accordance with the School Standards and Framework Act 1998 (SSFA) and associated regulations.

     

    The funding framework, which replaces Local Management of Schools (LMS), is based on the legislative provisions in sections 45-53 of the SSFA as amended by section 41 of the Education Act 2002. The purpose of the framework is to achieve:

     

    Improved Standards, self-management, accountability, transparency, opportunity, equity and value for money. The underlying principle of the scheme is the maximum delegation of managerial responsibility to governing bodies consistent with the discharge by the Council of its statutory responsibilities. 

     

    Fair Funding Scheme

 

Section 52 Budget Statement

The Section 52 Budget Statement is prepared in accordance with Section 52 of the School Standards and Framework Act 1998 and the Education (Budget Statements)(Wales) Regulations and accompanying guidance

 

Part 1 - Table 1 : School Level Information

Table 1 provides the following information on each of the Council's Nursery, Primary, Secondary, Special schools and Memorandum Items which are not allocated to individual schools:

 

Part 2 : Individual Schools Budget - Funding Factors

This part summarises the formulae used to generate each individual school budget. It shows the Age Weighted Pupil Unit (AWPU) funding, Special Educational Needs (SEN) funding and other factors used to generate a school's formula allocation or budget share.

Part 3 : School Budget Share

This part illustrates how each school's formula allocation has been calculated. It shows all of the factors (financial and non-financial) used to generate each school's formula allocation.

Section 52 Outturn Statements

At the end of each financial year (31 March) Councils are required to prepare and submit to the Welsh Assembly Government a statement summarising each school's planned budget share, in-year adjustments, actual expenditure and income, balances brought forward from the previous financial year and balances carried forward to the next financial year. 

 

 

 

For information relating to Pupil statistical Data please contact the Information Officer (Value Added) within the ICT and Data team of the Directorate of Learning and Development.

 

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