Lancashire Local – Wyre
5 December 2007
APPENDIX 'A'
SCHOOL FUNDING AND BALANCES
WYRE DISTRICT
Table 1: School Funding 2006/07 and 2007/08
Phase
Local Authority
Formula
Funded Budget
(ISB*) Wyre
2006/07
Local Authority
Formula Funded
Budget (ISB*)
Lancashire
2006/07
Local Authority
Formula
Funded Budget
(ISB*) Wyre
2007/08
Local Authority
Formula Funded
Budget (ISB*)
Lancashire
2007/08
Nursery
Primary
Secondary
Special
£0
£21,722,269
£22,218,090
£2,354,460
£5,748,430
£260,108,659
£261,434,730
£32,598,923
£0
£22,610,219
£23,276,800
£2,486,306
£5,894,897
£272,703,925
£272,681,863
£33,514,859
Total
£46,294,819
£559,890,742
£48,373,325
£584,795,544
*
The Individual Schools Budget (ISB) is allocated to schools through the funding
formula. Individual school budget shares are under the delegated management
of the governing body. Schools also receive various specific grants. These are
mostly set by DCSF and passed on to schools by the Authority together with the
formula funded budget shares.
Table 2: Formula Funding per pupil 2006/07 and 2007/08
Phase
Nursery
Primary
Secondary
Special
Formula
Funding per
Pupil Wyre
2006/07
£0
£2,779
£3,305
£12,937
Formula
Funding per
Pupil
Lancashire
2006/07
£4,999
£2,819
£3,475
£13,903
Formula
Funding per
Pupil Wyre
2007/08
Formula
Funding per
Pupil
Lancashire
2007/08
£0
£3,007
£3,552
£13,661
£5,352
£3,012
£3,717
£14,419
The below average funding in Wyre arises, for example, from lower than average
allocations in connection with social deprivation factors in the funding formula.
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Table 3: School Balances at 31 March 2006 and 31 March 2007
Phase
Total Surplus
Wyre
31 March 2006
Total Surplus
Lancashire
31 March
2006
Total Surplus
Wyre
31 March 2007
Total Surplus
Lancashire
31 March 2007
Nursery
Primary
Secondary
Special
£0
£2,355,417
£1,173,039
£727,832
£1,658,934
£30,704,358
£14,005,881
£4,740,343
£0
£2,755,410
£889,938
£708,824
£2,074,796
£32,981,426
£15,773,998
£4,953,462
Total
£4,256,288
£51,109,516
£4,354,172
£55,783,682
Table 4: Analysis of School Balances in Wyre Schools at 31 March 2007
Phase
B1
B2
Nursery
Primary
Secondary
Special
£0
£159,863
£140,927
£9,874
£0
£11,977
£137,709
£13,232
Total
£310,664
£162,918
C2
C3
C4
£0
£678,480
£40,000
£446,000
£0
£124,700
£99,182
£0
£0
£165,206
£97,860
£0
£0
£385,606
£60,000
£161,710
£0
£1,229,578
£314,260
£78,008
£0
£2,755,410
£889,938
£708,824
£1,164,480
£223,882
£263,066
£607,316
£1,621,846
£4,354,172
C1
KEY
Commitments and Unspent Standards Fund
B1
B2
The amount of unspent Standards Fund monies (if any) included in the
above balance that are to be spent by 31 August 2007
Any prior year commitments, not included in the School's approved
budget for 2007/08
Amounts assigned as reserves for 2007/08 within the "permitted categories"
defined in the Scheme for Financing Schools
C1
C2
C3
C4
Total
Balances
31/03/07
General
Balances
Reserves (for a maximum of 3 years) to finance planned new capital
expansion set out in the school education development plan
Reserves (for a maximum of 2 years) to finance planned building
maintenance set out in the annual maintenance plan
Reserves (for a maximum of 2 years) to finance planned replacement /
purchase of equipment as set out in the school education development
plan
Reserves (for a maximum of 1 year) to enable the school to maintain
staffing levels in the face of falling rolls as set out in the school education
development plan
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Table 5: Schools in Deficit at 31 March 2006 and 31 March 2007
Phase
Nursery
Primary
Secondary
Special
Wyre
31 March 2006
0
0
0
0
Lancashire
31 March 2006
0
21
9
1
Wyre
31 March 2007
0
1
2
0
Lancashire
31 March 2007
0
20
9
1
Where deficits arise, recovery plans must be agreed with the Authority in order to
recover the deficit within a maximum period of 5 years.
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