FINANCE MODULE - Forward Planning

Forward planning can be broken down into two sections that the school will have to create information for: Income and Expenditure Wauton Samuel have worked hard with schools and LEA's to produce a package that either calculates information or uses historical data to predict information needed for both sections upto ten years in the future.

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• Income

  A school's income typically comes from three sources, funding, donations and facility hire, the largest of which is funding. Funding will be increased or decreased depending on schemes the school applies for and the size and demographic structure of the school's role. The finance module can help a school predict future 'pupil led funding' using changes in school role and funding per pupil.

• Expenditure

  The largest source of expenditure within a school is staffing costs which typically account for over 70% of the expenditure budget. How the finance module helps project and report employee costs is covered in the employee section of the website the projected costs can be used in forward planning to predict increases/decreases in expenditure. Other costs can be predicted using historical data from the school and inflation percentages, for example the cost of rates (water, electricity, etc) which could remain stable and only change with inflation.