The following acronyms and definitions are commonly used throughout the sections of the Finance Manual listed above. All changes must be confirmed by us before a place is offered to any applicant. Each section of the Finance Manual is set out in the Guidance tab on each of the pages listed above. endobj Funding Manual for School Authorities 2018/19 School Year The following are the significant content changes made to the 2018/19 Funding Manual for School Authorities. endobj These payments will be calculated using trainee recruitment data available at that time.

Responsibility for financial management is shared between the school council and the principal. The grant will be paid directly to the lead school by the ESFA if you’re an: If a lead school is a local authority maintained school the grant will be paid to the relevant local authority by the ESFA.

The changes relating to financing and operating leases (IFRS16) that were due to come into effect on 1 April 2020 have been delayed until 1 April 2021, due to the COVID-19 pandemic. <> We use cookies to collect information about how you use GOV.UK. Strategic Financial Management Advisor, Stores Authorised Deposit-Taking Institution, APRA endobj A further update to the scheme for financing schools will be published prior to any changes taking effect. At the March 10 , 2020, public Board meeting, Trustee Estabrooks requested Administration provide a detailed explanation of the impact of the Weighted Moving Average (WMA) for Edmonton Public Schools. If this happens after recruitment, but before training starts, the trainee will need to be transferred to another school in the partnership. To help us improve GOV.UK, we’d like to know more about your visit today. We have updated the schemes for financing schools guidance for the 2020 to 2021 financial year. If a GFA is delayed, grant funding payments will be made in the following month. What is School Direct (salaried) funding. Grant funding is available as a contribution to the training and salary costs for each qualifying trainee on School Direct (salaried) courses. Changes are indicated throughout the manual with the words “Revised” or “New” in the left side margin of the page. Funding must not be shared across funded and non-funded places. As part of any such reconciliation exercise, grant funding may be recovered as a result of: Grant funding may also be recovered as a result of: Where a recovery of grant is required, we may recover grant in the same or subsequent academic years. <>

Trainees can only defer once they have started their ITT course and the deferral period is usually a maximum of one year. The Manual provides details on the funding available for the school year including applicable formulas, funding rates, criteria and reporting requirements. 3 0 obj The Finance Manual is set out in the Guidance tab. The lead school is the agreed point of contact for training providers, placements and partner schools. If a trainee leaves without completing their ITT, the last date of training is the final day and date for which the ITT provider has evidence that they were still in training or attendance for any learning that is part of their ITT.



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