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Schemes for Financing Schools

The scheme sets out the principles underlying the funding of schools, and the basis for the financial relationship between maintained schools in Reading and the Authority. The revisions in 2018 reflect statutory changes and changes to the DfE guidance on local authority schemes for financing schools effective from March 2018. The revisions also include changes to ensure the scheme reflects current practices and desired ways of working.

The Authority will keep the scheme under review and stakeholders are invited to comment on the scheme at any time to the Chief Finance Officer.

pdf icon Scheme for financing schools - downloadable version [674kb]

Contents

Section 1: Introduction

Section 2: Financial controls

Section 3: Instalments of the budget share

Section 4: The treatment of surplus and deficit balances arising in relation to budget shares

Section 5: Income

Section 6: The charging of school budget shares

Section 7: Taxation

Section 8: The provision of services and facilities by the authority

Section 9: Private finance initiative / public-private partnership

Section 10: Insurance

Section 11: Miscellaneous

Section 12: Repairs and maintenance

Section 13: Community facilities

Annexes

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