Decision details

To approve the revised funding formula for Surrey Schools to be introduced from April 2013

1.         That the proposed revisions to the schools’ formula funding factors and transitional arrangements be approved in order to comply with new legislation.

2.        That the transfer of £27m of Dedicated School Grant funding from core to deprivation funding to mitigate adverse impacts on schools catering for disadvantaged groups, as supported by the Schools Forum, be approved.

3.         That authority be delegated to the Assistant Director Schools & Learning, in consultation with the Leader and the Cabinet Member for Children and Learning, to update and amend the formula as appropriate following receipt of DfE autumn term pupil data in December 2012, to ensure that total allocations under the formula are affordable within current resources.

Reason for Decisions

To ensure that the council’s funding formula for schools complies with new regulations and that turbulence of funding at individual school level is minimised.

[The decisions on this item can be called in by the Education Select Committee]