Here you are able to download the latest versions of the key financial protocols, which govern the delegation of funding to schools in Bradford and define the requirements placed on Governing Bodies in the management of school budgets.
The links below take you to the protocol details, then click on the title to download the full protocol.
Scheme for Financing Schools
Financial Classification of Schools
Light Touch Financial Monitoring Scheme (Scorecard)
Surplus Balances Protocol
Deficit Budget Protocol
Click here to access information for individual schools
The Scheme for Financing Schools (applicable from 1 September 2015)
The Scheme for Financing Schools (‘the Scheme’) is a legal document, which governs the relationship between the Local Authority and schools in the management of delegated budgets. The Scheme provides for the delegation of financial and managerial responsibility
to Governing Bodies of schools and describes the regulations and conditions to which Governing Bodies should adhere, in order to remain accountable to the public and the Local Authority.
The Scheme applies in respect of all community, nursery, voluntary and foundation schools and community special schools maintained by the Authority. Bradford’s Schools Forum has the power to agree amendments to the Scheme, following consultation with schools.
The Financial Classification of Schools
(re-issued July 2016)
One of the items in the Council’s Action Plan, following an Audit Commission report, which was critical of the level of deficits and surpluses in Bradford’s schools, was to identify and agree with schools criteria for identifying schools in greatest need
of financial support and to commence a programme of annual detailed budget discussions with these schools.The Classification is calculated on an academic year basis, and is updated each year.
The Financial Classification system was established in July 2006. The Classification was revised for the 2009/10 academic year. Please click on the link above to access the full document. Information on the Category for each school is available to access
The Light Touch Finacial Monitoring Scheme (Scorecard) 2014-15
(revision effective from 1 April 2014)
The Light Touch Financial Monitoring Scheme (LTFM; also known as ‘the Scorecard’) is a protocol that exists primarily to encourage the timeliness of reporting from schools to the Local Authority. It is a scoring system, which is used to distinguish between
schools monitored on a "light touch" basis and those schools requiring a more "watchful eye" approach.
Schools amass points, on a rolling programme, based on their scoring against the agreed criteria, which include meeting required dates for the submission of key financial returns to the LA. Schools are split into 3 categories. Schools scoring fewer than
20 points are placed in the “Green” category and are subject to “light touch” monitoring. Schools scoring at least 20, but fewer than 40 points, are placed in the “Amber” category and are subject to a greater degree of monitoring and challenge. Schools scoring
40 points or more are classed as “Red” and are subject to “watchful eye” (monthly) monitoring. The scoring system is updated at the end of every Quarter and the scorecard is published for schools to access. The individual Scorecard for each school is available
Surplus Carry Forward Balances Protocol (re-issued January 2016)
The Surplus Balances Protocol (also know as the ‘Intended Use of Balances’) describes the process to be followed by schools, which have carry forward balances in excess of the thresholds set by the Authority at the end of each financial year. The Scheme
for Financing schools provides for Local Authorities to clawback excessive balances from schools, where these balances have not been properly assigned.
The Deficit Budget Protocol (re-issued Aug 2011)
The Deficit Budget Protocol describes the process to be followed where schools forecast that they are unable to balance their budget and project a deficit position at the end of the financial year. The protocol attachment is the
Deficit Application Template available in the secure area of BSO.
The process is applied in any of the following situations:
- The school forecasts a year end overspending on its “Start Budget” (submitted by 15th May each year);
- The school projects a year end overspending on any of its Quarterly Financial Monitoring Returns;
- The school notifies the Local Authority that it will not be able to keep within an existing approved deficit repayment plan;
- If, at the financial year end, the school exceeds its deficit repayment plan or is in deficit with no plan;
- If for any other reason the school notifies School Funding Team that it will overspend in total.
For further information on the application and operation of these protocols, please contact :
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