Financial Updates and Guidelines for Schools by Buckinghamshire Council

Click to edit Master title style Click to edit Master title style Schools Accountancy Support Team Finance Surgery Click to edit Master subtitle style Click to edit Master subtitle style May 2020 20/03/2025 1 20/03/2025 1

Housekeeping Surgery planned to last 1 hour Large number of attendees means we need some rules on how we manage the meeting: All mute the microphone unless speaking May help to turn off cameras particularly if you have internet issues We have tried to address the questions already submitted but if there are further questions please use the chat bar to ask them please give your name and question We will monitor the chat bar to pick up questions BUCKINGHAMSHIRE COUNCIL

Agenda Introduction Liz Williams Salary Modeller Updates Jonathan Carter Budget Planning Good Practice Alison Philp Schools Funding Jonathan Carter Trip Refunds Julie Crook Covid-19 - Cheryl Kent Wrap-up Cheryl Kent BUCKINGHAMSHIRE COUNCIL

Introduction Purpose of the session: To keep in touch To update on the Business as Usual work for this term To share understanding of the financial impacts of Covid- 19 and the associated guidance Housekeeping timescales BUCKINGHAMSHIRE COUNCIL

Salary Modeller - Updates Pay Scales Local Government Pension Rate National Insurance Uploading March Final Download Questions BUCKINGHAMSHIRE COUNCIL

Pay Scales Bucks Pay The pay scales that were advised through the salary modeller are confirmed on the link below Bucks Pay - Schools BUCKINGHAMSHIRE COUNCIL

Pay Scales - Teachers Teachers Pay Review Teachers Pay Review 2020 DfE Document The pay review currently favours option B in the above document The documents confirms the Teachers Pay Grant and the Teachers Pension Grant will continue but the grant funding rates will not be increased. The DfE will then look to subsume these in school budgets. BUCKINGHAMSHIRE COUNCIL

Teachers Pay Review 2020 Option B BUCKINGHAMSHIRE COUNCIL

Local Government Pension Scheme Employer Contribution Rate As part of the tri-annual valuation there has been a change to the employer contribution rate For Foundation schools please check the link below for your rate For all other schools there has been a reduction in the contribution rate from 26.4% to 25.7% Buckinghamshire Council Pension Fund - Employer Contribution Rates BUCKINGHAMSHIRE COUNCIL

National Insurance Bands Please update your Local Government Pension rate and National Insurance Bands (Maintenance Menu NI & SUP) See next slide (Relevant Cells highlighted) BUCKINGHAMSHIRE COUNCIL

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Updating the Financial Plan - March Final Download Please ensure when setting your final budget you use the financial plan page When setting your final budget you should always use the most up to date information March Final Please check once you have loaded your March final download that your carry forward for both outturn 2019/20 and the actual match (ensure all manual entries have been removed and that no formulas have been overwritten) BUCKINGHAMSHIRE COUNCIL

Salary modeller Q & A Session Open questions BUCKINGHAMSHIRE COUNCIL

Budget Planning Pupil numbers & Early Years EHCP & SEN Staffing Pay progression Suppliers contracts Review each code- income or expenditure may be different for 2020-21 Codes for grants & income BUCKINGHAMSHIRE COUNCIL

Funding School Budget Share Growth Funding BUCKINGHAMSHIRE COUNCIL

Funding Pupil Premium - 992433 Universal Infant Free School Meals - 999063 PE & Sports Grant - 999062 Teachers Pay Grant - 992349 Teachers Pension Grant - 992359 Devolved Formula Capital Grant - 992329 BUCKINGHAMSHIRE COUNCIL

Funding - Q&A Session Open questions BUCKINGHAMSHIRE COUNCIL

School Trip Refunds Guidance will be issued on SchoolsWeb COVID-19 Strongly recommend that refund secured from third party prior to payment to parents to avoid putting school budget at risk ALL schools to complete refund form and return to SAST even if refund already paid to parents Schools using ParentPay/ParentMail/SchoolsComms we will liaise and release funds to provider Schools using other providers contact provider to establish process Schools not using a provider suggest use school fund for refunds as per guidance BUCKINGHAMSHIRE COUNCIL

School Trip Refunds Please await the guidance any further questions will then be answered if necessary BUCKINGHAMSHIRE COUNCIL

Covid 19 Exceptional Costs What s allowable 3 main areas Additional Premises costs incurred during holiday opening FSM support for costs incurred before the introduction of the vouchers or where the scheme cannot be implemented. Additional cleaning due to confirmed or suspected Covid-19 cases. BUCKINGHAMSHIRE COUNCIL

Covid 19 Exceptional Costs What s not allowable The covid- 19 template for data collection BUCKINGHAMSHIRE COUNCIL

Covid 19 Keeping the country going HMRC guidance to public sector organisations PPN02/20 Relief for Suppliers and Contingent Workers FAQ s on Supplier Payments BUCKINGHAMSHIRE COUNCIL

Covid 19 - Staffing Guidance on financial support for education, early years and children s social care Supply teachers Furloughing staff BUCKINGHAMSHIRE COUNCIL

Covid 19 Other Income Private income streams Wrap around care Parent funded nursery hours Lettings income No additional funding is available to cover shortfalls. BUCKINGHAMSHIRE COUNCIL

Opportunities for Change Flexibility Re-Deployment/Recruitment On-Line Resources Collaborative Working Keeping Governors Informed BUCKINGHAMSHIRE COUNCIL

Covid -19 Q &A sessions Open questions session FAQs on schoolsweb Covid-19 FAQ's BUCKINGHAMSHIRE COUNCIL

Feedback An online survey will be sent to you after the session. Contact Details: schoolfinance@buckinghamshire.gov.uk 01296 382222 (Option 3) BUCKINGHAMSHIRE COUNCIL