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The future of LSC funding arrangements
Where are we now?
John BoltLSC National Office
What I’m covering
2005/06 FE funding
2006/07 Agenda for change– What’s it about?– Simplification
FE funding 2005/06
Funding guidance published on web 27 April(an addendum to 2004/05)
Fee element increased to 27.5% Fee remission for all first full level 2 learners Redefinition of franchises & partnerships
Otherwise minimal change
Agenda for Change
Six themes Funding Skills and employers Quality Data Business excellence (efficiency) Reputation
Regional events starting this June
Funding Theme
Initial report submitted to SoS in March 2005
DfES yet to formally respond
Builds on ideas within plan led funding
Funding Theme
Better planning
College planningFunding Outturn v April Estimate 2003/04
80%
90%
100%
110%
120%
130%
1 51 101 151 201 251 301 351
Colleges
% V
aria
tio
n
Funding Theme
Better planning
Funding follows the plan
Simplified formula Based on learner numbers and provider factor
Common system across funding streams
Funding Theme
Year end reconciliation of the plan (learner numbers)
Budget allocation based on review of plan
Core and commissioned elements of allocation
Better and more timely management information
Ideas for simplificationHow to count learner numbers?
Some people think we should fund using FTEs
Are FTEs easy to calculate?
Let’s look at several issues
How to define a FTE?
Full time learners count as 1 FTE
Should this apply to learners on large full time programmes or should the FTE be higher than 1?
How to calculate FTEs for part-time learners?• Should we divide glh by a standard divisor (e.g. by 450)?• Reintroduce the load bands?
When to countlearners?• Start?• Mid-point?• Completion?• Achievement?
Or a combination of these?
The future of LSC funding arrangements
Where are we now?
John BoltLSC National Office