The Education Funding Agency’s (EFA’s) latest bulletin reminds academies of a number of things of a financial nature they need to do before the end of the academic year.
Financial officers and principals are reminded that they can now download narrated videos on how to complete their March accounts returns, or join a webinar on the budget forecast on June 9 at 2 pm, both of which can be found on the EFA’s website. Since the returns must be submitted by 27 June, these are useful tools for the academies that need to make them.
In addition, schools and sixth form colleges in desperate need of refurbishment should keep an eye on the website, as detailed guidance on the information applicants will need to provide will be published there by the end of May, with the application process opening in early June.
However, academies should note that phase 2 of the Priority School Building Programme only undertakes major rebuilding and refurbishment projects in those schools and sixth form colleges that are in the very worst condition, so they must read the guidance carefully to ensure that they are eligible to apply.
There is also information in the bulletin on how to apply for the Sponsor Capacity Fund, which supports approved academy sponsors and those in the process of becoming sponsors. The deadline for this application is June 30 and applicants will be notified of the outcome of their application in September.
Academies should also note that the 2014 to 2015 Devolved Formula Capital (DFC) allocations have been updated, based on the list of academies that were open as of April 1 this year.
Finally, the 16 to 19 Bursary Fund vulnerable student claim forms must be submitted to the Learner Support Service (LSS) before the end of the academic year. There is detailed guidance on completing the form and explanations of the vulnerable groups of pupils involved in the 16 to 19 Bursary Fund guide on the EFA’s website.