Decision details
Schools Funding Settlement and Local Funding Formula 2023/24 (CF&E3)
PDF 207 KBDecision Maker: Cabinet
Decision status: For Determination
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
Provides detail of the Education Funding
Settlement for 2023/24;
And
Seek approval of the updated local early years and schools funding
formula models to be applied from April 2023
Decision:
The Cabinet has considered an update on the key announcements made by the Department for Education (DfE) on the education funding settlement for 2023/24, and has:-
(1) Noted the details of the Education Funding Settlement for 2023/24.
(2) Approved the construction of the early year’s budget as per section 3.1 to 3.2 and the updated 2023/24 local funding formula for schools as outlined in sections 3.3. to 3.5 and detailed in the table(s) in section 6.2 which will form the basis of the calculation of school budgets and be notified to the DfE in accordance with statutory requirements.
Alternative options considered:
None.
Interests and Nature of Interests Declared:
None.
Reason Key: Affects 2 or more wards;
Wards Affected: (All Wards);
Equality and/or Environmental Impact Assessment: n/a
Decision Reference: CAB363
Declarations or conflicts of Interest: None.
Forward Plan Reference: CF&E3
Other reasons / organisations consulted
Consultation undertaken with all stakeholders
during autumn term and Schools Forum
Contact: Peter Hughes, Corporate and Support Services Email: peter.hughes@stockport.gov.uk Tel: 0161 474 3947.
Report author: Peter Hughes
Publication date: 01/02/2023
Date of decision: 31/01/2023
Decided at meeting: 31/01/2023 - Cabinet
Effective from: 08/02/2023
Accompanying Documents: