# The Financing of Maintained Schools (England) Regulations 2004, Regulation 16: Sixth form funding


(1) A secondary school’s budget share for the financial year beginning on 1st April 2005 shall include an amount (“the Amount”) equal to any sum notified to the local education authority by the LSC as being the allocation (“the Allocation”) in respect of that school’s sixth form contained within a grant payable to the local education authority under section 7 of the 2000 Act. The Amount shall include, on a net basis:
(a) any portion of the Allocation for the academic year beginning on 1st August 2004 which is in respect of a period falling within the financial year beginning on 1st April 2005;
(b) any portion of the Allocation for the academic year beginning on 1st August 2005 which is in respect of a period falling within the financial year beginning on 1st April 2005;
(c) any amount specifically allocated in respect of an increase in amounts payable under the Teachers' Pensions Regulations 1997 for the financial year beginning on 1st April 2005;
(d) any downward adjustment of the Allocation for the academic year beginning on 1st August 2004, where the authority was notified of such adjustment after 1st November 2004;
(e) one third of any upward adjustment of the Allocation for the academic year beginning on 1st August 2004, where the authority was notified of such adjustment after 1st November 2004; and
(f) any amount specifically allocated by the LSC as an additional uplift to the allocation for the period 1st August 2004 to 31st July 2005, for the portion of that period beginning on 1st April 2005, or to the amount referred to in paragraph (1)(c).
(2) A local education authority may, in determining budget shares, use a factor which allocates funding in respect of sixth forms.
(3) A local education authority may, in determining budget shares for schools with sixth forms, reduce the amount payable to each such school (using factors other than those authorised by regulation 8) under the formula used by the authority to determine that school’s budget share by a sum representing that element which is duplicated in the Allocation under sub-paragraphs (a) to (e) of paragraph (1). In determining the amount of the reduction the authority shall have regard to the particular circumstances of each school.
(4) In this regulation, “academic year” means any period of twelve months beginning on 1st August.

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Source: https://www.legislation.gov.uk/uksi/2004/3130/regulation/16 (the official version)
Page: https://openlegislation.uk/financing-of-maintained-schools-england-regulations-2004/regulation-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.