Schools' finance

Section 251 statements

Local authorities are required under Section 251 of the Schools Standards and Framework Act 1998 to prepare and submit an education budget statement for the prescribed period to the Secretary of State for Education.

Purpose of financial statements

It is a statutory duty that local authorities must publish their budget statements as and when prescribed by the section 251 and section 230 Regulations. The size of the schools budget (SB), and the amounts to be allocated to each factor depend on budget decisions taken by the LA before the prescribed period, so budget statements are the means of informing schools and the public in general about the funding plans of the LA.

The copy of the statement that schools receive for that period is intended to provide a clear picture of the authority's planned spending:

  • how much the LA intends to spend on the LA budget outside the SB
  • how much the LA is proposing to retain centrally within the SB for school services
  • how the local formula is working to produce budget shares for each school in the LA’s area

Section 251 statements to download

Further information

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