Education Budget Statements
Local Authorities are required under section 52 of the School
Standards and Framework Act 1998 to prepare and submit a budget
statement before the beginning of each financial year to the
Secretary of State for Education.
Purpose of the Statements
The statements are intended to provide a clear picture of:
- how much the LA intends to spend on the LEA Budget outside the
Schools Budget
- how much the LA is proposing to retain centrally within the
Schools Budget
- how the local formula is working to produce budget shares for
each school in the LA’s area
View the Education Budget Statements (Section
52)
Scheme For Financing Schools
Every Local Authority must have a Scheme for Financing
Schools. This document defines the financial relationship between
the Authority and the schools in its area.
The Department for Education (DfE) provides Local Authorities with
a model scheme, which they must adopt. However they can amend or
add to the scheme, if they wish, to reflect any local changes or
policies. Sometimes a Local Authority has to make revisions to its
scheme that are directed by the DfE.
Download the Scheme for financing schools
here (PDF, 116kb)
Contact
For further information call 020 7332 1002 between 9am and 5pm
Monday to Friday, or email
fyi@cityoflondon.gov.uk