Differences in Finance

Free Schools Academies Maintained Independent
Source of revenue and disbursement Public – Funding disbursed directly by formula calculated by the DfE. Funding varies between LAs. Public – Funding disbursed directly by formula calculated by the DfE. Funding varies between LAs. Often have additional funding from the academy sponsor. Public – Funding disbursed by LA Private: Fees and bequests – no public funds committed
Revenue per pupil Comparable to state schools in the local area. Comparable to state schools in the local area. Varies significantly by Local Authority. Variable – dependent on level of fees charged
Allocation Schools have full flexibility to allocate funds as deemed fit, including services normally provided by LA Schools have full flexibility to allocate funds as deemed fit, including services normally provided by LA Schools free to allocate all funds received but LA keeps a proportion back for ‘central services’ Schools have full flexibility to allocate funds as deemed fit

Source: http://www.newschoolsnetwork.org

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One thought on “Differences in Finance

  1. […] we will blog about the specific differences these schools in areas such as the Curriculum, Pupils, Finance, Personnel management, Governance and Accountability.  The first will be the […]

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