Purpose

To approve the schools budget funding formula
for allocating resources to H&F schools for the financial year
2024/25

Decision

1.        
Schools Block Budget 2024/25 Financial Year:
 

a.   
To approve the Local Authority formula for allocating resources to
Hammersmith & Fulham schools for 2024/25 as set out in Appendix
1, the Authority Proforma Tool (APT) for setting school
budgets.
 

b.   
To approve the National Funding Formula (NFF) transitional funding
formula factor rates (as set out in Appendix 1) as the basis for
calculating the 2024/25 schools funding formula, together with a
0.5% per pupil Minimum Funding Guarantee (MFG) protection for
individual schools versus 2023/24 levels with respect to pupil led
funding.
 

c.   
To approve the transfer of £1.177m (1.0% of the total
schools' block allocation) from the schools' block to the high
needs block in the 2024/25 financial year. This is to support high
needs education expenditure for special educational needs in
Hammersmith and Fulham.  This is subject
to Ministerial agreement from the Department of Education.
 

d.   
To approve de-delegation budgets of £0.622m
for maintained mainstream schools only which was agreed
by Schools Forum on 16 January
2024.
 

e.   
To approve the education functions budgets of
£0.307m for maintained mainstream schools only, which was
agreed by Schools Forum on 16
January 2024.
 

2.        
Central Services Schools Block Budget 2024/25.

a.   
To approve the proposed budget allocation for Central Services
Schools Block DSG totalling £2.106m.