Issue - meetings

Report DCYP12014

The Portfolio Holder introduced a report providing information on the School Funding Settlement for 2012/13 covering the Pupil Premium and Dedicated Schools’ Grant.  As set out in the ‘Consultation on School Funding Reform’ issued by the Government in July 2011, it was agreed that the current funding methodology for 2011/12 should continue for 2012/13 through the Dedicated Schools Grant.  In addition, following the spending review announcement in December 2011, the Government had confirmed that the overall settlement for schools would be maintained at ‘flat cash’ per pupil through the period, rising in line with pupil numbers.  It was also announced that the pupil premium would be in addition to this settlement. 

With regard to Local Authority Central Spend Equivalent Grant (LACSEG), it was confirmed there would be no additional reduction of grant in 2011/12.  In 2012/13 there would be no additional reduction for Bromley, however local authorities would be capped at a maximum of the original top slice in the formula grant for 2012/13, with Bromley’s top slice limited to the £1.4M already planned for in the previous finance settlement.

In response to a question from a Member around the Dedicated Schools Grant, the Head of CYP Finance confirmed that the minimum funding guarantee for schools would be -1.5%, however this did not apply to funding for 16-19 years.

RESOLVED that the Portfolio Holder be recommended to note the School Funding Settlement for 2012/13, including the Pupil Premium and Dedicated Schools’ Grant.