For example, you must be able to demonstrate how pupil premium money is benefiting target students and that devolved formula capital funding is only being spent on long-term assets. Devolved funding comes with conditions on how the money can be spent.Delegated funding (eg the dedicated schools grant) usually has no strings attached to it. The first thing you need to understand is the different funding streams by which the school receives its resources. Other resource requirements – money needed for insurance, maintenance etc.Ģ Understand the basic principles of school budgeting.Staffing requirements, including updated pay scales.Exam results, so you can identify which parts of the curriculum could benefit from more money, and which have previously.Be aware that neighbouring schools changing their admissions policies could also impact your numbers. Pupil numbers (census, local authority and feeder school lists).Old budgets to look at past performance, so you can learn from under- and over-spends. Your school budget should reflect your school improvement plan – set on a five-year basis, showing two years in retrospect, the current year, and the next two years’ forecast.īefore setting up any new budget, you’ll want to have handy:
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