The decision is to approve final funding rates for the 2024/25 mainstream schools funding formula, to be submitted to the Department for Education for approval by their deadline of 22 January 2024. The funding rates have been changed since those considered by Cabinet, in order to ensure that they are affordable using the latest data, which had not been received from DfE at the date of the Cabinet meeting, and that they distribute the whole of the available grant (less the agreed transfer to high needs block), as required by legislation. In particular, the number of children required to be funded in the formula for additional needs has increased. The accompanying annex provides further information.
Please note: the published funding formula and rates could be amended following review by DfE and hence should not yet be regarded as final.
Decision type: Key
Decision status: Recommendations Approved
Notice of proposed decision first published: 30/10/2023
Decision due: 28 Nov 2023 by Cabinet
Decision due: 17 Jan 2024 by Director for Education, Lifelong Learning & Culture
Lead member: Cabinet Member for Children and Families, Lifelong Learning
Lead director:
Contact: Sarah Bryan, Deputy Strategic Finance Business Partner Email: sarah.bryan@surreycc.gov.uk Tel: 020 8541 7432.
Consultees
A Schools Funding Consultation paper was distributed to all schools in early September detailing options for the funding of Surrey schools in 2024/25