School budgets & finance

School budgets & finance

It is a statutory duty that local authorities must publish their section 251 budget and outturn statements. The overall size of the school’s budget and the amounts to be allocated to each factor depend on budget decisions taken by government and the local authority.

Financial statements

Budget statements are a means of informing schools and the public in general about the funding plans of the authority.

Financial statements include:

  • how much the local authority intends to spend on their schools budget, high needs budget, early years budget and children and young people’s services.
  • how much the local authority is proposing to retain centrally within the school budget for school services
  • outturn statements detail actual expenditure on the above services