Agenda item 4 - MTFS (Final) Cab 070213 , item 9. PDF 1 MB

(1) The budget provides for contractual prices inflation, forecast pay increases and the
increase in the Local Government Pension Scheme employer’s superannuation
contributions following actuarial valuation of the fund.
36 An overview of the net budget is provided in Annex 2, with an overall financial summary of
the proposed budgets for 2013/14, broken down by commissioning area being provided.
The individual cost increases and cost reductions are then shown, in summary form, in
Annexes 3 and 4.
The budget proposals for 2013/14 have been formulated in the context of the Medium Term
Financial Planning framework which is provided in Annex 5.
Dedicated Schools Grant (DSG)
37 The DSG for 2013/14 was announced on the 19 th December 2012 as £387.4 million.
This represents a cash freeze on the pupil unit rate of funding but is an increase of £7.5
million to the 2012/13 baseline for an increase in pupils and additional responsibilities
resulting from the school funding reforms.
The 2013/14 school funding reforms result in the DSG being split into three funding blocks
for High Needs, Early Years and Schools. Funding will not be ring fenced between the
three blocks.
The split of the 2013/14 baselines across the three blocks are:
The £7.5 million increase in the DSG relates to the following:
• £1.3m increase to the schools block for a net increase of 310 pupils.
• £1.7m increase to the high needs block for new post 16 funding responsibilities.
• £3.9m addition for new 2 year old funding responsibilities
• £0.5m addition for 3 year old transition funding for removing the 90% floor.
• £0.1m addition for monitoring and quality assuring Newly Qualified Teacher (NQT)
induction.
Although the schools block figure has now been confirmed by the DfE, the high needs
block will not be confirmed until March 2013 after further information on high needs growth
and hospital education funding has been collected on the 25th January 2013. The early
years block will not be confirmed until April 2014 after it has been updated for the January
2014 census count.
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