School Finance

also known as: Planning and Organisation.

Section 251 (Formerly Section 2) statements Local Authorities are required under Section 251 of the Apprenticeships, Skills, Children and Learning Act 2009 to prepare and submit an education and children’s social care budget statement for the prescribed period to the Secretary of State for Children, Schools and Families. In addition Local Authorities are after the end of that financial year required to prepare an outturn statement.

Section 251 (Formerly Section 2) statements

Local Authorities are required under Section 251 of the Apprenticeships, Skills, Children and Learning Act 2009 to prepare and submit an education and children’s social care budget statement for the prescribed period to the Secretary of State for Children, Schools and Families. In addition Local Authorities are after the end of that financial year required to prepare an outturn statement.

Purpose of financial statements.

It is a statutory duty that Local Authorities must publish their budget and outturn statements as and when prescribed in the administrative Direction issued by the Secretary of State for Education. The size of the Schools Budget (SB), and the amounts to be allocated to each factor depend on budget decisions taken by the LA before the prescribed period, so budget statements are the means of informing schools and the public in general about the funding plans of the LA.

The copy of the statement that schools receive for that period is intended to provide a clear picture of the authority's planned spending:

  • how much the LA intends to spend on the Non- Schools Education budget outside the SB and other children’s social care;
  • how much the LA is proposing to retain centrally within the SB for school services;
  • how the local formula is working to produce budget shares for each school in the LA’s area

School Financial Value Standard

Section 251 Budget Statement 2013-2014

Scheme for Financing Schools September 2013

Section 251Budget Statement for 2012-13

Section 251 Budget Statement for 2011-12

Section 251 Budget statement for 2010-11

Section 251 Budget Statement for 2009-10