Paragraph 2 I1

Where (A/B) is less than (C/D) then the guaranteed funding level is (C/D) x B where—

• A is the redetermined adjusted budget share, calculated by the local authority, for the funding period;

• B is the relevant number of pupils in the funding period;

• C is the redetermined adjusted budget share for the previous funding period multiplied by the minimum funding number; and

• D is the relevant number of pupils in the previous funding period.