Decision Maker: Cabinet

Outcome: Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: January 21, 2025

Purpose: The Cabinet will be provided with an update on the school funding position and asked to approve the Dedicated Schools Budget (DSB) strategy and the local school funding formula for 2025/26.

Content: Cabinet resolved to:   (i)  Note the indicative allocation of Dedicated Schools Grant for 2025/26 as set out in section 2 of the report;   (ii)  Approve the strategy for the Dedicated Schools Budget as set out in section 3 of the report;   (iii)  Approve, subject to consultation with schools and the Schools Forum, the proposed principles for the design of the Local Schools Funding Formula as set out in section 4 of the report;   (iv)  Note the allocated funding and strategy for the three other funding blocks as set out in section 5 of the report; and   (v)  Delegate authority to the Strategic Director, Children and Adults, in consultation with the Strategic Director, Resources, the Schools Forum and the Cabinet Member for Educational Attainment and School Improvement, to approve the final 2025/26 school funding formula for submission to the Department for Education.