| Revised Capital Allocations Allocations are the same as the original budgets unless you have been notified directly by the Capital team. 14 to 16 Practical Learning School Budgets 2007-08 In response to the feedback last year, a summary of funding allocations template has been produced which gives an overview of the funding allocations your school will receive in 2007/08. Formula Budget Templates Other Income Templates For Capital queries please contact Alan Wilcock, Principal Accountant - Capital on (01622) 694969 Rising Roll Contingency Calculators All pupil increases will still be considered under the new rising roll contingency and any net increase in the September count of more than 1% of the January PLASC, will trigger funding for the seven months to the end of the financial year using the schools pupil-led element of the minimum funding guarantee rate (80% of MFG). If there is a large influx of children into a particular school, say from an army regiment moving into the area, there will be contingency arrangements where the increase does not form part of the rising roll contingency. The school can put in a claim if it has incurred the additional costs of having to open a new class. Any claim on this basis will be considered by the Delegated Formula Funding Group for a decision as to whether the additional class or classes are required. From 2007/08 the formula budget for nurseries will be funded on their January count only and will not include an element for 'phased admissions'. Further counts will be taken in April and September (and the following January) and if pupil numbers have increased by over 5% of January count, the school will receive additional funding for the remainder of the financial year. To improve predictability for schools a calculator has been provided below so schools can estimate additional funding to be received during the year. The pupil-led element of the minimum funding guarantee rate (80% of MFG) will be used as a funding rate (as per the normal September rising roll calculations). Balance Control Mechanism
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