Balance Control Mechanism
All the files below can only be downloaded
if you are in a Hertfordshire school 
Balance Control Mechanism - March 2011 Revenue Balances Updated
Schools are reminded that only projects pre-registered by end of May will be taken into account as exceptional items when applying the mechanism to the 31 March 2011 revenue balances
Schools are not generally permitted to carry forward a revenue balance in excess of the Normal Maximum Level (NML) as defined under the Balance Control Mechanism.
The only exceptional items from the mechanism after 31 March 2011 will be:
- previously agreed projects
- prior year adjustments to the final accounts,
- consortia balances, not already reported on a 31 March 2011 Consortia Balance Return
- reorganisations (amounts the Authority agrees may be held to avoid staff redundancies in respect of a temporary falling roll or in the event of a reorganisation.
Projects should be registered by the due date (which is 31st May in advance of the end of the financial year) with all supporting documentation being received by the end of the Summer term. Each project will need to be submitted on a separate application form.
Please ensure that any projects are supported by all of the required documentation. Projects without full supporting information may not be considered. Full details can be found on the Application for Agreement of Exceptional Projects form in the Useful Documents section at the bottom of this page.
Balance Clawback Calculator
March 2010 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: New
Balance Clawback March 2010 Revenue Balance |
All Schools |
Authority advises schools of potential clawback from March 2010 revenue balance |
31 May 2010 |
School advise Authority of any prior year adjustments, consortia balances or re-organisation plans not considered |
30 June 2010 |
Appeals panel hearings |
Mid October |
Clawbacks deducted |
15 November 2010 |
Balance Clawback March 2011 Revenue Balance |
All Schools |
Authority advises schools of projects to be registered against the March 2011 revenue balance |
31 May 2010 |
School provides full details and finance plans to Authority |
23 July 2010 |
Authority confirms pre-registration of projects |
30 September 2010 |
Useful Documents
Balance Clawback |
|
Hertfordshire Schools Balance Clawback Scheme
|
|
Application for Agreement of Exceptional Projects new |
|
Notes to Complete Application for Pre-Registering a Project new |
|
Notes on completion of the Application for Agreement of Exceptional Projects |
|
Published Papers
|
|
National benchmarking Schools Forum paper March 2008 |
|
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. |
|
Schools Forum Paper 27 February 2008
A review of the 2007/08 Balance Clawback Mechanism |
|
|
