Issue - meetings

Cabinet approves the 2022/23 school funding formula and wider Dedicated Schools Grant budget allocations detailed in Appendix 1 and 2.

There had been some minor amendments to the national funding formula used to allocate funding to the council. The proposed local formula had been agreed by the Schools’ Forum and the DfE needed to be notified of it by 21 January 2022, and allocations confirmed to schools by 28 February 2022.

The high needs block showed a significant budget shortfall of approximately £1.33 million as the formula did not fully account for the high number of SEN children on the island. The position was similar in a number of other authorities. There was to be a government SEND review in Spring 2022 and the results would be awaited with interest.

Consideration was given to the report which sought the Cabinet’s approval to the 2022/23 school funding formula and wider Dedicated Schools Grant budget allocations. No comments or questions were raised, and the report was noted.

RESOLVED:

THAT the recommendations be noted.