School Budgets

Updated Budgets with 3 year indicatives (Updated)

Please see the below caveats regarding assumptions for the 2024-25 Annex A – Updated Budgets with 3-year indicatives.

• Future pupil numbers are based on your most recent form entry (reception or year 7) it is assumed that the pupil number achieved in October 23 will be the same for October 25 and 26.
• If you are a school receiving growth then this has been built into your pupil forecast
• Funding growth has been set at an increase of 2%
• Capping and scaling has remained at circa 700K under the assumption that the formula will remain unaffordable
• MFG has remained at 0.5%
• The High needs supplementary and additional grants have been rolled into the banding values.
• The lump sum protection for amalgamated schools has been set at 70% for 25/26 (as per the school operational guidance) and removed in 26/27 as there is no information as to whether we will be allowed to continue the protection.
• You should add your TPAG to your school budget and calculated it by grossing up your 23/24 allocation which was for 7 months.
• Pupil premium allocations are currently unavailable due to a DfE data issue. It is recommended that you use your 23/24 allocation as a basis for 24/25 and 26/27.

LCC Finance are aware of some schools being adversely affected by the low birth rate in their reception year which has been carried forward into 25/26 and 26/27.

The funding in 25/26 and 26/27 is for forecasting purposes and will be updated each year once the October census has been finalised.

If you have any questions, please get in touch with [email protected]