Balance Control Mechanism
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if you are in a Hertfordshire school
Balance Control Mechanism - March 2010 Revenue Balances
Schools are reminded that only projects pre-registered by end of January will be taken into account as exceptional items when applying the mechanism to the 31 March 2010 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 2010 will be:
- previously agreed projects
- prior year adjustments to the final accounts,
- consortia balances, not already reported on a 31 March 2010 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.
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:
Balance Clawback |
Schools which were previously required to provide a high balance plan |
Other schools with balances above the normal maximum level |
Authority requests financial plans |
31 May 2009 |
15 June 2009 |
School provides plans to authority |
12 July 2009 |
30 September 2009 |
Clawbacks notified to schools |
30 September 2009 |
31 October 2009 |
Clawbacks deducted |
15 November 2009 |
15 January 2010 |
Useful Documents
Balance Clawback |
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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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Application for Agreement of Exceptional Projects updated |
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Notes on completion of the Application for Agreement of Exceptional Projects updated |
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Published Papers
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National benchmarking Schools Forum paper March 2008 |
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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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Schools Forum Paper 27 February 2008
A review of the 2007/08 Balance Clawback Mechanism |
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