Purpose

Cabinet is asked to consider and approve the basis for calculating mainstream school and academy budgets for 2024-25.

Decision

RESOLVED to:

 

1)   
Note the overall Dedicated
Schools Grant settlement for 2024-25;

 

2)   
Note the Schools
Block allocation for 2024-25;

 

3)   
Note the National
Funding Formula multipliers as set out in Appendix 2 of the report;

 

4)   
Approve the local
mainstream formula multipliers set out in Appendix 3 of the report as the basis
for calculating Derbyshire school and academy budgets;

 

5)   
Approve a Minimum
Funding Guarantee of 0.5% per pupil for 2024-25;

 

6)   
Approve that no
cap on individual school gains will be applied in 2024-25;

 

7)   
Approve the
request from the Schools Forum to de-delegate/top-slice funds from LA
maintained primary and secondary schools’ 2024-25 budgets for the services as
listed in Appendix 4 of the report;

 

8)   
Note the Pupil
Growth Fund & Falling Rolls Fund settlement and the budget decisions approved
by the Schools Forum; and

 

9)   
Approve that any
matters of detail regarding the calculation of school budgets be delegated to
the Executive Director for Children’s Services and the Director of Finance
& ICT in consultation with the Cabinet Member for Education.