developing the academy funding system
TRANSCRIPT
Developing the academy
funding system
Mike Pettifer
Deputy Director of Academy Funding
We manage £54 billion a year
• Fund academies directly and ensure they meet the terms of their funding agreements
• Fund local authorities to fund maintained schools
• Fund sixth forms, colleges / training providers to educate 16 to 19-year-olds, and those with learning difficulties or disabilities to age 25 with LDA
• Deliver building and maintenance programmes for schools and sixth-form colleges
• Carry out a range of compliance and assurance activities on behalf of the Secretary of State
Supporting all state-provided
education for 8 million children
aged 3 to 16, and 1.6
million young people aged
16 to 19
We want you looking outwards not
upwards
School Budget Share
Basic entitlement
Deprivation
Looked After
Children
Mobility
Prior Attainment
English as an
Additional Language
6th FormLump Sum
Rates
London Fringe
Split site
Private Finance Initiative
Sparsity
We have travelled a long way already
Pupil Led
(80%)
Institutional
(20%)
4
Pre 16 national funding Factors
5
0
1,000
2,000
3,000
4,000
5,000
2011/12 2012/13 2013/14 2014/15
Academies
Academies
Enquiries
And our service is improving year on year
Finance and Governance
• Institutions are expected to have internal systems and
processes to robustly set and manage budgets
Good governance means better schools; make sure you have
a strong accountability framework
• Understand your responsibilities within the terms of your
Funding Agreement
• The EFA works very closely with academies to identify where
there are potential financial concerns
Get to know the Academies
Financial Handbook
If you or a colleague decided to spend
an 8 hour day on funding and funding
related matters…
How much time from that day would
you spend on each of the following
activities?
In school
Independent study
On-line learning
Brand new provision
Understand allocation
Accurate Pupil numbers
Pupil Number Adjustment
Financial Planning
Finance returns
Governance
Legal Duties
Watch the online material
Take part in webinars
Read the guidance
Find out
Reputation building
Find out what’s happening
locally
Establish networks
Know your schools forum rep
Understand local
demographics
Online Learning
Independent
Study
In School
In year opener
Watch the online material
Take part in webinars
Read the guidance
Find out
Reputation building
Find out what’s happening
locally
Establish networks
Know your schools forum rep
Understand local demographics
Representative bodies
Understand allocation
Accurate Pupil numbers
Pupil Number Adjustment
Financial Planning
Finance returns
Governance
Legal Duties
Online Learning
Independent
StudyIn School
Established academy/free school
Understand allocation
Accurate Pupil numbers
Pupil Number Adjustment
Financial Planning
Finance returns
Governance
Legal Duties
Watch the online material
Take part in webinars
Read the guidance
Find out
Reputation building
Find out what’s happening
locally
Establish networks
Know your schools forum rep
Understand local demographics
Representative bodies In School
Online LearningIndependent Study
Providing the best possible service in
a modern, systems-based way
All our data and financial information together in one place,
making it easier for you to do business with us
Personalised, relevant information and services
Encouraging self service – giving you a more accurate,
efficient and convenient way of working
Will include an online calendar, knowledge centre and
facility to submit online forms
- Automated system
- Self service
- Independent institutions
But is there a flaw in the plan?
12
Customers don’t like doing it themselves, they like people doing it for
them, somebody at the end of the phone, a friendly face, etc.
Or do they?
Automation: isn’t that a bit risky?
13
Let’s hope not…
In summary…looking outwards not upwards
• You are seizing the challenge of innovation with
responsibility
• You are seizing the challenge of driving up standards
with accountability
• We are demonstrably getting better at what we do year
on year
• We are listening to you and trying to make our approach
centre around you as often as possible
• We ALL need to become more efficient and continually
offer better value for money for the tax payer