1. That the proposed revisions to the schools’ funding formula, as recommended by the Schools Forum and set out in Annex 2 of the submitted report, be introduced.
2. That the proposed Surrey formula factors, as set out in Annex 3 of the submitted report, be approved for submission to the DfE by the 31 October 2013 deadline.
3. That authority be delegated to the Assistant Director, Schools & Learning, in consultation with the Leader and the Cabinet Member for Schools & Learning, to update and amend the formula as appropriate following receipt of DfE autumn term pupil data in December 2013. This is to ensure that total allocations to schools under this formula remain affordable within the council’s Dedicated Schools Grant settlement to be announced during December.
Reasons for Decisions
To comply with DfE regulations including prior notification of the council’s funding formula for schools and to ensure that turbulence of funding at individual school level is minimised.
[The decisions on this item can be called in by the Children and Education Select Committee]