Revenue & Capital Funding

• Simon Darby• Charlotte Foley

Revenue Funding

• £450m September 2014 to March 2015• £625m April 2015 to March 2016• To fund meals provided to under 7s not

eligible for FSM under benefit criteria• Allocation will be based on meals served

to these under 7s at £2.30 per meal• Data collection method not yet

announced

Revenue Funding

• Potential Funding from Grant

£5.4m (14/15) then £7.6m (15/16)• Other Potential Revenue Benefits

– Reduction in overall cost per meal produces saving in cost of all current meals served

– If current charge to a pupil for a paid meal is less than £2.30 a further saving will be realised

UFSM Capital

• Allocation of £1.68M for maintained schools and £343K earmarked for VA schools

• Academies funded separately• CS Chief Officer decision to top slice 20%,

£336K• for equipment• CS will bring forward a capital programme up to

£1.34M based on need• Next steps are viability and feasibility work to

see if expansions are possible• Interim solutions will have to be in place for

September 2014