The Schools Forum of Brent Council discussed the financial balances of maintained schools, the final outturn of the Dedicated Schools Grant (DSG) for 2023-24, and updates to the Scheme for Financing Schools and Financial Regulations for 2024-25. Decisions were made to approve the updated financial regulations and to review the mainstream schools banding matrix.

Brent Maintained Schools Balances 2023-24

The forum reviewed the Brent Maintained Schools Balances for 2023-24. The report highlighted the financial positions of various schools within the borough. Concerns were raised about the surplus balances held by some schools, with discussions focusing on the need for these funds to be reinvested into educational resources and infrastructure.

DSG Final Outturn 2023-24

The DSG Final Outturn for 2023-24 was presented, showing the financial performance of the grant over the past year. The forum noted an underspend in certain areas, which will be carried forward to the next financial year. The DSG Outturn 2023-24 Monitor provided a detailed breakdown of expenditures and variances.

Scheme for Financing Schools and Financial Regulations 2024-25

The forum approved the updated Scheme for Financing Schools and Financial Regulations for 2024-25. The updates, detailed in Appendix A and Appendix C, include changes to financial management practices and compliance requirements for schools. The forum discussed the importance of these updates in ensuring financial accountability and transparency.

Brent Mainstream Schools Banding Matrix Review

The forum decided to review the Brent Mainstream Schools Banding Matrix. The review aims to address concerns about the current banding system's effectiveness in allocating resources equitably among schools. The forum acknowledged the need for a more nuanced approach to funding that considers the diverse needs of students across the borough.