Budget

Christ Church School Budget for 2016/17

 

BUDGET

AMOUNT

INCOME

£1,390,721

GAG (General Annual Grant) funding

£1,107,247

Other Government Grants

£146,535

Other Income (SEN, Lettings, Sports, Devolved Capital, Music, Trips, Catering)

£136,929

EXPENDITURE

£1,414,927

Staffing

£1,090,337

Direct Educational Costs (Resources, Furniture, Photocopying, Licenses, Trips, Music)

£139,991

Support Costs (Energy, Cleaning, Maintenance, Catering, Professional Services, Insurance)

£184,599

 

Academies are required to maintain sufficient surplus to maintain at least 1 month’s operation in case of emergency.  Surplus above this can be used for additional expenditure within the year or saved towards something specific.  2015/16 additional saved funds were used to help equip the remodelled/ extended school.  An in year deficit is predicted for the 2016/17 academic year.  This is due to running 2 forms of entry across the entire school without yet 2 form entry numbers through KS2.  With an expanding school, it is expected that the 2017/18 budget will again predict a small surplus. 

Academy Funding:

Academies receive the same funding as maintained schools for every pupil on the register. They also get additional funding to cover the cost of services that used to be provided by the local authority.

Academies are funded from September to August in line with the academic year, unlike maintained schools, which are funded from April to March in line with the financial year.

General annual grant (GAG)

Most funding for the running of academies comes from the general annual grant (GAG). This is paid to academies by the Education Funding Agency (EFA), based on a formula provided by the local authority. The EFA tell the school how much GAG funding they will get and how the grant has been calculated. GAG is made up of:

School budget share – calculated on a comparable basis to the running costs of maintained schools in the same local authority. The school budget share is protected by a minimum funding guarantee, so that the funding for each pupil will not fall by more than 1.5% in 2016 to 2017.  The calculation is based on the number of children on role in October of the previous year. 

Education services grant (ESG) – allocated to academies based on the number of pupils they are responsible for, to buy services no longer automatically provided by the local authority.  Academies will receive ESG at a rate of £140 per pupil in the academic year 2016 to 2017.

Services expected to be funded by ESG:

  • education welfare service
  • pupil support (eg school uniform grants)
  • music services (eg instrumental tutors)
  • outdoor education including environmental and field studies (not sports)
  • therapies and health-related services, that aren’t funded by the health service
  • visual and performing arts
  • monitoring national curriculum assessment
  • school improvement such as continuous professional development for staff
  • determination of terms and conditions of service of staff
  • early retirement and redundancy costs
  • asset management
  • producing financial accounts
  • internal auditing

Local Authority Funding

Services that remain with the local authority funding:

  • home to school transport, including transport for pupils with special educational needs(SEN)education psychology, SEN statements and assessment
  • assigning SEN resources for pupils who require high levels of additional resource (this a top-up to formula funding under a separate contract with the local authority)
  • monitoring of SEN provision and parent partnerships
  • prosecuting parents for non-attendance
  • provision of pupil referral units for a pupil no longer registered at an academy

Capital funding

Devolved formula capital (DFC)

Devolved capital funding (approx £7,000) is received annually in June for capital maintenance and ICT projects.  It is paid by the EFA, and is allocated on the same basis as for maintained schools.

Condition Improvement Fund (CIF)

The Condition Improvement Fund (formerly the Academies Capital Maintenance Fund - ACMF) provides a source of capital funding. The overall programme funding is calculated on the same basis as the maintenance funding made available to maintained school via local authorities.  Academies must apply for funding within set ‘application rounds’ and proposals must be robust and backed up with survey, design, costing and programme documentation. 

The ACMF 2014/15 round (administered by the Education Funding Agency (EFA)) was for academies to improve the condition of school buildings and expand facilities. Church C of E Primary School was successful in its application for a substantial capital maintenance grant for improving existing school facilities and expanding to a 1½ to 2 form entry school.  Works for this were completed in September 2015.