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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

 

Schools Forum Paper 27 February 2008
A review of the 2007/08 Balance Clawback Mechanism

Application for Agreement of Exceptional Projects

Notes on completion of the Application for Agreement of Exceptional Projects

Hertfordshire Schools Balance Clawback Scheme

Blank Balance Analysis Form March 2008

Notes on completion of the Balance Analysis Form

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.