Recasting Your Budget Forecast (3 Year Plan)

Brief overview

The morning will consist of a practical session showing how to use the Budget Planning Software to recast your current 3-year plan.

The afternoon is a workshop to give delegates the opportunity to recast their own schools budget to see how the monitoring that has been completed affects years 1, 2 and 3 of your current 3-year plan. It is especially important for planning to see how any changes may either increase/decrease the planned surplus or if a deficit (due to decreasing surplus)  may cause issues in future years. This will then enable planning to take place to control the budget to bring it back into balance.

We will also look at how budget monitoring is affected by decisions made in the school and how outside factors need to be included in the monitoring. Using monitoring as a live document. There will be an opportunity to share good practice during feedback to the group.

Important:  Each delegate will need to bring their own laptop (including charger) and be able to access their own schools BPS.

Delegates will also need to bring their own copy of the Procedures for Recasting a Budget Forecast which can be found on BPS under User/Admin Menu/Help and Guidance.