3 year budget plan service
Plans will take account of roll fluctuations, changes in income streams, the priorities identified in the school development plan and other changing circumstances in the school over the medium term, with particular regard to staffing changes.
Note: This would be undertaken using the Budget Planning Software (BPS). If your school/academy uses another system, please speak to a member of our team for details on how we can help you.
Full consultation with the Headteacher will take place to enable the school to plan and make sound financial decisions as appropriate. This in turn will help the school to produce a balanced budget in the medium term, at the same time ensuring the authority's no deficit policy is adhered to.
Note: The purpose of this service is to enable schools to meet their requirements in producing a 3 year budget plan for the local authority outlined within the Scheme for Financing Schools and will be charged as a one off. For academies this will be in line with the requirements of the Education Funding Agency (EFA) for a 1 year budget forecast along with a working 3 year plan.