Paragraph 3

For the purposes of this paragraph, the funding authority shall determine the percentage which the amount determined in accordance with sub-paragraph (2) below is of the amount which appears to them to be equal to the amount of the local education authority’s aggregated budget for primary or secondary schools for the financial year in question included in accordance with regulation 3(a) of, and notes (3) and (8) or (4) and (8), as the case may be, in Schedule 1 to, the Education (School Financial Statements) (Prescribed Particulars etc.) Regulations 1995^f1 (“the 1995 Regulations”), in Part 1 of the authority’s statement prepared under section 122(2) of the 1996 Act for that year (“the statement”), according as to whether the school is a primary school or a secondary school.

The funding authority shall determine an amount by the application of the following formula—

where

• A is the amount of that part of the local education authority’s general schools budget for primary and secondary schools for the financial year in question included in accordance with regulation 3(a) of, and notes (3) and (44) or (4) and (44), as the case may be, in, Schedule 1 to the 1995 Regulations in Part 1 of the Statement which, in the opinion of the funding authority, would remain after deducting—

  1. (a)

     their aggregated budget for the year; and

  2. (b)

     the aggregate of the amounts referred to in paragraph 4.

• B is the number of registered pupils on a date determined by the funding authority at all primary schools or all secondary schools maintained or formerly maintained by the local education authority (according as to whether the school is a primary school or a secondary school) which are required to be covered by a statement for the financial year in question under section 122(2) of the 1996 Act; and

• C is the number of registered pupils on that date at all such schools whether primary or secondary.