Academy Budget Forecast Return – One Becomes Two


The latest ‘Dear Accounting Officer’ letter from the EFA sets out their plans to replace the Academy Budget Forecast Return, due in July, with two returns.

Download the letter! →

In previous years Academy Budget Forecasts have included details of actual spend in the current year to March, a forecast to August, as well as the budget for the following year. As part of discussions between the EFA and HM Treasury it has been concluded that details for the current year need to be submitted earlier than has been the case. As a result academies will need to submit two returns.

The first return, the Budget Forecast Return: Outturn (BFRO) will focus on actual expenditure for the period up to March 2017, as well as collecting an updated assessment of forecast expenditure to the end of August 2017. All academy trusts open as at 31 March 2017 must submit a completed BFRO to EFA by Friday 19 May 2017 in order to meet HM Treasury’s timeline.

The second return, the Budget Forecast Return (BFR), will support the main public expenditure forecasting activities that occur in the autumn. Its focus will be on the projected financial position of academy trusts up to August 2018. This return will need to be submitted by Friday 28 July 2017 (the same timeframe as in previous years).

UPDATE: Template BFRO workbooks and guides for the documentation and online submission form have now been published by EFA

Read guidance or download templates →

Download our new academic planner! →

SIMS End of Key Stage

The 2016/2017 key stage tests phase commences soon with the Key Stage 2 tests taking place in the week beginning Monday 8th May. As you will know, key stage tests come at a very busy time for schools with both the test administration and preparation of SIMS for data entry and submission. Here you will find […]


Effect of the new Budget on schools

Effect of the new Budget on schools A week after the Budget we look at reactions to the announcements affecting the education sector. Budget Shorts A number of education reforms were announced in the chancellor’s Budget speech, which are designed to help address the UK’s current skills shortage. Others have written about the various areas […]


A guide to gender pay gap reporting and what it means for your school

More than 35 years after the United Kingdom’s Equal Pay Act was introduced, the Office for National Statistics released a report that found on average women earn around 19.2% less than men in the UK. In an attempt to tackle this issue, the UK Government has published the Equality Act 2010 (Gender Pay Gap Information) […]


SIMS Spring Release 2017

The next SIMS update is due for release on Friday 10th March 2017. If we usually run the upgrade for you, please contact our MIS Service Desk on 0345 222 1551 • Option 3 as soon as possible so that we can book in a date. Please ensure that you also agree this date with your […]


Much To Do In March

After ‘Marching On’ – Hare’s another blog to ensure you are the best informed person in your school on finance and business matters. From The EFA The EFA have reminded academies, that after extending its deadline, all Academy Accounts Returns (AAR) should have been uploaded by 28 February. Those academies that have still to submit […]


Updates to the Green Book Conditions of Service document

The Green Book, which applies to all support staff working in schools, has been updated to reflect the changes introduced since the existing 2005 version was published. The updated Green Book Conditions of Service document now includes: All pay scales and allowances from 1997 to 2017 inclusive The revised maternity scheme, which was introduced in […]


Marching On!

In this week’s blog we remind you what is in the EFA Planner prior to Easter and look at some changes to business rates and pensions that will come into force shortly. From the EFA Planner Action: academies to determine admission arrangements Deadline: academies admission appeals timetable by 28 February Deadline: academies to submit full […]


Click here to contact us today!

12 divided by 2 =

Please see our privacy policy