Decision details
Schools Funding Settlement and Local Funding Formula 2024/25 (CF&E5)
PDF 207 KBDecision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To provide details of the Schools Funding
Settlement 2024/25 and to approve the local funding formula models
for early years and schools
Decision:
The Cabinet has considered an update on the key announcements made by the Department for Education (DfE) on the education funding settlement for 2024/25, and has:-
(1) Noted the details of the Education Funding Settlement for 2024/25.
(2) Approved the construction of the early year’s budget as per section 3.1 to 3.2 and the updated 2024/25 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: completed
Decision Reference: CAB437
Declarations or conflicts of Interest: None.
Forward Plan Reference: CF&E5
Other reasons / organisations consulted
Via Schools Forum / School Governing
bodies
Contact: Peter Hughes, Corporate and Support Services Email: peter.hughes@stockport.gov.uk Tel: 0161 474 3947.
Report author: Peter Hughes
Publication date: 31/01/2024
Date of decision: 30/01/2024
Decided at meeting: 30/01/2024 - Cabinet
Effective from: 07/02/2024
Accompanying Documents: