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EFA Funding guidance for young people 2014 to 2015
CCP Reconciliation 2014/15
EFA Young People’s Funding Team
CCP Reconciliation 2014/15
Main reconciliation rules
• Tolerance for both under and over performance is now the
higher of 1% or £5,000;
• Growth above the cap is not usually paid;
• Growth cap is of 30% of the allocation, with the minimum cap
value of £100,000 and the maximum cap value of £1 million;
• Clawback is based on main programme funding, excluding TP
and FPF;
• Growth is based on programme funding plus TP and FPF
• End-year position should always be the same no matter what
happened at the intermediate points.
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Reconciliation timeline3
Data Return Adjustments to PaymentsR06 (February – 6 months data)
Growth – interim payments in April for institutions achieving above their allocation (tolerance and cap apply)
Clawback – institutions delivering below 60% or with no 2015/16 allocations will have clawback from April to July (see next slide for more detail).
Other institutions – reconciliation statement summarising the current level of delivery based on the R06 return
R10 (June – 10 months data)
Growth – interim payments in August for institutions above their allocation (tolerance and cap apply)
Clawback – profiled from August to year-end for any institutions achieving less than 95% of allocation
R13 (September – 12 months data)
Growth – no additional payments, await audited figures (tolerance and cap apply)
Clawback – updated figures in November and December based on final rules
R14 (October – final return)
Growth – final payment in December based on final rules (tolerance and cap)
Clawback – final adjustments in December based on final rules.
Notes: 1. Apart from R06 clawback, final rules apply in all circumstances. 2. Growth payments are always subject to affordability
CCP Reconciliation 2014/15
R06 Clawback Rules
• Under 40% delivery – stop payments from April to July
• 40-60% delivery – payments from April to July reduced by half
• 60-80% - potential recovery as follows:
• No recovery from April to June
• Provisional reduction of July payment by half, but subject to review based on R10
• No data – treat as though below 40%
• No allocation for 2015/16 – treated individually
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CCP Reconciliation 2014/15
Growth (1) - Overview
• Growth will be funded subject to affordability, and we will scale
payments to manage affordability
• We commit to pay for a minimum of 50% of eligible growth (after
the rules on tolerance, cap have been applied)
• The final year-end position for providers with growth will be the
same, irrespective of at what point in the year the growth has
occurred
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CCP Reconciliation 2014/15
Growth (2) – In-year and End-year
• Where an institution has already exceeded its full contract in-year,
we will pay for 50% of the growth based on R06 or R10 data
returns as appropriate
• At the year-end we will do a final check of affordability and confirm
the level of scaling of final growth claims
• We will then pay any additional growth for institutions that had in-
year growth, and fund all growth up to the agreed level for
institutions that did not have in-year growth
• For an institution that achieves over their contract value, the
overall growth amount paid will therefore be the same irrespective
of when in the year they reached that level
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CCP Reconciliation 2014/15
Communications
• Detailed rules published in ILR Funding Returns (part of
funding guidance)
• Regular updates in-year in e-bulletin and on website:
www.gov.uk/16-to-19-education-commercial-and-charitable-providers
• Any clawback will be notified by the end of the preceding
month, including a profile for future months
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