Balance Clawback Mechanism
All the files below can only be downloaded
if you are in a Hertfordshire school
Balance Clawback Calculator
March 2008 Revenue balances
Timetable for Balance Clawback Mechanism
Schools who fall into the excessive balance category will receive notification from the Authority detailing how the calculation was arrived at and how the Authority plans to administer the scheme.
All schools receiving notification will be required to submit a three year financial forecast and complete an analysis return to the Authority. The key dates are detailed below:
Balance Clawback |
Schools which were required to provide a high balance plan on the 31 March 2007 balance. |
Other schools with balances above the normal maximum level |
Authority requests financial plans |
31 May 2008 |
15 June 2008 |
School provides plans to authority |
15 July 2008 |
30 September 2008 |
Clawbacks notified to schools |
30 September 2008 |
31 October 2008 |
Clawbacks deducted |
15 November 2008 |
15 January 2008 |
Useful Documents Updated
Balance Clawback |
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Schools Forum Paper 27 February 2008
A review of the 2007/08 Balance Clawback Mechanism |
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Application for Agreement of Exceptional Projects |
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Notes on completion of the Application for Agreement of Exceptional Projects |
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Hertfordshire Schools Balance Clawback Scheme
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Blank Balance Analysis Form March 2008
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Notes on completion of the Balance Analysis Form |
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Schools Forum Paper 25 April 2007
This paper details the implementation of the changes to the Scheme for Financing Schools.
Appendix A (draft at the time of going before the Schools Forum) has now been approved and will form part of the Scheme. |
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