Agenda item
Financing Schools - Reviewing the Funding Formula to Raise Standards
- Meeting of Special, Education, Skills and Culture Cabinet Board, Friday, 12th January, 2018 10.01 am (Item 7.)
- View the declarations of interest for item 7.
Minutes:
(Cllr.
P.A.Rees re-affirmed his interest at this point and
withdrew for this item only. Cllr.D.W.Davies substituted.)
(Cllr.A.R.Lockyer re-affirmed his interest at this point and
withdrew for this item only. Cllr. D.Jones substituted.)
Cabinet
Board was supportive of the addition to the recommendation from the Education,
Skills and Culture Scrutiny Committee held prior to this meeting, which have
been incorporated into decision below, as (d).
Members
asked that the review of the formula taking place prior to the 2019/2020 budget
share allocation be reported back to Education, Skills and Culture Cabinet
Board.
Decisions:
Having
given due regard to the impact assessments approval be granted for:
a. Option A as detailed in the circulated report to be the basis
for funding primary school budgets for the 2018/2019 financial year;
b. the withholding of financial benefits resulting from Option A
to schools with reserves above the £75K threshold as at 31 March 2017;
c. the methodology in the circulated report for the
redistribution of withheld funds to schools with a reduction in their budget
share allocation of more than £20K;
d. the Director of Education, Leisure and Lifelong Learning (or
his nominated representative) and the Director of Finance and Corporate
Services in consultation with the Leader of the Council and the Cabinet Member
for Education, Skills and Culture be granted delegated authority to make
alternative funding arrangements where, specifically in relation to the £75K
reserve threshold, the financial circumstances of individual schools warrant
further consideration and that any use or refusal of an application be reported
to the relevant Scrutiny Committee.
e. a review of the formula prior to the 2019/2020 budget share
allocation. In addition, the results of
the review to reported to Education, Leisure and Lifelong Learning Cabinet
Board.
Reason for Decisions:
To
enable the Council to comply with the formal requirements of the School Funding
(Wales) Regulations 2010.
In
addition, it will enable the Council to promote high educational standards and
the fulfilment of every child’s potential and to meet the Council’s duty to
secure efficient education in its area.
Implementation of
Decisions:
The
decision will be implemented after the three day call in period.
Consultation:
Consultation
on the formula for funding primary schools took place between 16 October 2017
and 3 December 2017 as detailed in the circulated report.
Supporting documents:
- ESC Cab.Board report 120118, item 7. PDF 328 KB
- App.A Consultation document, item 7. PDF 186 KB
- App.A1 - Illustrative impact of revised formula, item 7. PDF 58 KB
- App.A2 - Class size reduction allocation, item 7. PDF 11 KB
- App.A3 - Consultation response pro forma, item 7. PDF 19 KB
- App.B - Consultation report, item 7. PDF 257 KB
- App.C - Risk assessment, item 7. PDF 205 KB
- App.D - Equality impact assessment, item 7. PDF 242 KB
- App.E - Welsh language impact assessment, item 7. PDF 140 KB