Issue - decisions

It was AGREED that the hourly rates for 2022/23 should be for three and four year olds, £4.87 (increase of 9p)  This is just over half of the increase provided by DfE, and the remainder of the increase will be used to increase the early intervention fund for three and four year olds with special educational needs or other additional needs which require additional support.

For two year olds, £6.13/hour, also an increase of 9p.

Decision made:

It was AGREED that the proposed formula funding rates should be approved for submission to DfE, in line with the DfE’s national funding formula (there are small  local variations in lump sum and basic entitlement rates, in order to protect small schools, and a 3.90% ceiling on per pupil gains to ensure affordability). The 3.90% ceiling is the only change from the decision of 21 January 2022.

Reasons for Decision:

To comply with legislation. The proposed funding rates are consistent with the recommendations of Cabinet and of the Schools Forum on 7 October 2021 and 14 January 2022 and will assist in the smooth transition to NFF for Surrey schools.

Decision made:

It was AGREED that the proposed formula funding rates should be approved for submission to DfE, in line with the DfE’s national funding formula (there are small  local variations in lump sum and basic entitlement rates, in order to protect small schools, and a 3.87% ceiling on per pupil gains to ensure affordability).

Reasons for Decision:

To comply with legislation. The proposed funding rates are consistent with the recommendations of Cabinet and of the Schools Forum on 7 October 2021 and 14 January 2022 and will assist in the smooth transition to NFF for Surrey schools.