July Shorts

july-shorts

July Shorts

There have been a number of announcements these last few weeks – so here is your one stop source to all the information you need.

Pupil Premium

Detailed school and local authority level allocations, conditions of grant for pupil premium funding in the 2017 to 2018 financial year.

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Universal Infant Free School Meals

How much Universal Infant Free School Meals (UIFSM) funding schools receive.

Funding allocation for 2016-2017 → Funding allocation for 2017-2018 →


Academy Trust Financial Returns

Letter to academy trust accounting officers: June 2017

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Budget Forecast Return (Due 28 July)

Form and guide to help academy trusts submit their 2017 to 2018 budget forecast return (BFR) to the Education and Skills Funding Agency.

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Academy Accounts Return

Detailed guidance for academy trusts and auditors on preparing and auditing academy trusts’ annual financial statements.

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Teachers Pay Body Review

Pay rises for teachers will remain capped at 1 per cent on average in 2017-18, the government has confirmed. (Final pages of the report contains recommended pay structure)

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If you have any questions regarding any of the above please speak the Finance Service Desk on 0345 222 1551 • Option 2


Annual Budget Forecast 2017

Flaming June

This week’s school finance updates include:
- Academies Budget Forecast Return
- Local Government Pension Schemes
- Teachers’ Pension Scheme

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May Returns

Not some political prophecy, but a look at this month’s academy returns.

Academies are reminded that their Budget Forecast Return – Outturn must be submitted by Friday 19th May.

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SBS Online’s Funding Predictor

New Funding Predictor for schools, academies and MATs

SBS Online’s Funding Predictor allows users to forecast income for five years by referencing student numbers, the latest funding formulae and Local Authority (LA) rates.
The software will accurately calculate AWPU, IDACI, FSM, EAL, prior attainment, MFG, ESG protection and other funding elements.
As budgets continue to be squeezed the Funding Predictor helps offer some stability for accurate future budget management.

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The DfE, SARA and what it means for academies

The DfE, SARA and what it means for academies

In this blog we look a little deeper into why academies are required to complete additional financial returns and catch up on other EFA news:
- New Sector Annual Report and Accounts (SARA)
- Insurance top-up funding
- Condition improvement fund
- Monthly data collection for TPS

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Academy Budget Forecast Return – One Becomes Two

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.

Be prepared for the new return, due in May, with an updated Academic Year Planner which lists key events and deadlines for academies in the coming year.

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2017/2018 National Insurance Rates for SIMS

The new 2017/2018 National Insurance table rates will need to be added to SIMS Personnel. The following table displays the new rates: Band Upper Monthly Earnings Limit Lower Monthly Earnings Limit Rate 1 Rate 2 1  490.00 0.00 0.0000 0.0000 2 672.00 490.01 0.0000 0.0000 3  680.00 672.01 0.0000 0.0000 4 3337.00 680.01 13.8000 13.8000 […]

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How to Budget for the Apprenticeship Levy

The apprenticeship levy has been talked about for what seems like an eternity. It is now almost upon us and we have to budget for it accordingly. The levy comes into effect in April 2017 and will see a 0.5% charge on your annual pay bill.  You will only pay the levy if your pay […]

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Teacher pay scales 2016/17

We have implemented the new teaching staff pay scales for 2016/17. The general rule is a 1% increase in value of each 2015/16 salary scale. Last year we introduced three scale tables – A, B and C. This represented a combination of options made available to schools at the time with regard to rises on M6 […]

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Tempus Fugit

Time Flies! Its July already and time to dust off the trophies for sports day, get out the tombolas for the summer fete and say good bye to staff leaving at the end of term. There will be transition days too, something that is now effecting the whole country. In this week’s blog we look […]

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