THE ESSEX SCHEME
FOR FINANCING SCHOOLS
2017/18
INTERPRETATION
6. The latest Regulations are the School and Early Years Finance (England) Regulations 20142016. The Regulations state that schemes must deal with the following matters:
4The Treatment of Surplus and Deficit Balances Arising in Relation to Budget Shares
4.5Planning for Deficits
A governing body cannot plan for a deficit balance other than in the following circumstances:
(i)for schools maintained by the local authority under the previous Local Management of Schools arrangements, a deficit balance is allowed where a deficit recovery plan had been prepared by the school and agreed by the Director of Schools, Children and Families;
(ii)under the arrangements for Licensed Deficits Loan Schemes as set out at paragraph 4.109 of this Scheme.
4.9Licensed Deficits
Schools may plan for a deficit balance in future years, subject to the agreement of the Director of Schools, Children and Families and the Local Authority’s designated Section 151 Officer, in accordance with the following conditions/requirements:
(i)the maximum length of time over which schools may normally repay the deficit (i.e. reach at least a zero balance), will be three years. Schools will need to prepare a recovery plan in a format specified by the Authority and progress towards the elimination of the deficit will be reviewed formally at least every six months. Schools will need to adjust their plans accordingly should the financial position of the school improve or worsen during this period.
(ii)licensed deficits will normally only be agreed where circumstances affecting a school change in ways which could not reasonably have been foreseen and the school concerned needs a period in excess of one financial year in order to effect a reduction in its annual level of expenditure and/or an increase in its annual level of income sufficient to eliminate the budget deficit;
(iii)a licensed deficit shall not normally exceed 5% of a schools budget share;
(iv)no more than 30% of the total of schools accumulated balances held by the Local Authority’s designated Section 151 Officer as part of the County Fund will be used to back these arrangements.
There is no Licenced Deficit Scheme
4.10 Loan schemes
There is no loan scheme in place for schools within the Authority.
The Authority operates a loan scheme for schools that may require a revenue loan during a period of financial difficulty.
Schools wishing to apply for a loan must write to the Director of Education stating the circumstances of why a loan is required. An affordable repayment plan must accompany the loan request and must not usually exceed 3 years. There is no minimum period.
The decision will be based on the circumstances of the school and the ability to repay the loan. The decision will be taken by the Director of Education and the Director of Finance and Procurement. The Authority reserves the right to refuse a loan for any reason.
The loan will be repayable starting 1st April following the agreement of the loan. For example a loan agreed in September 2017 will be repayable from April 2018.
Interest will be payable on the basis of the average Local Authority Seven Day Interest Rate.
In the event of a closure or merger of schools the loan must be repaid immediately. Where a school closes as part of converting to an academy the loan will be repayable before conversion, unless agreed to continue and transferred as part of the Commercial Transfer Agreement.
Loans will be funded from school balances and no more than 30% will be used to back these arrangements.
Annex A – List of Schools and Pupil Referral Units to which this Scheme Applies
Abacus Primary SchoolAll Saints' Church of England (Voluntary Aided) Primary School, Dovercourt
All Saints Church of England (Voluntary Aided) Primary School, Great Oakley
All Saints Maldon C of E (VC) Primary School
Alresford Primary School
Alton Park Junior School
Ardleigh St Mary's C of E (VC) Primary School
Ashdon Primary School
Baddow Hall Infant School
Baddow Hall Junior School
Bardfield Primary and Nursery School
Barling Magna Community Primary School
Barnes Farm Infant School
Barnes Farm Junior School
Baynards Primary School
Beauchamps High School
Beckers Green Primary School
Beehive Lane Community Primary School
Belchamp St Paul's C of E (VA) Primary School
Bentfield Primary School
Bentley St Paul' C of E (VA) Primary School
Birch Church of England (Voluntary Aided) Primary School
Birchanger C of E (VC) Primary School
Blackmore Primary School
Bocking Church Street Primary School
Boreham Primary School
Boxted St Peter’s Church of England Primary School
Bradfield Primary School
Brightlingsea Infant School
Brightlingsea Junior School
Brightside Primary School
Brinkley Grove Primary School
Broomfield Primary School
Broomgrove Infant School
Broomgrove Junior School
Buckhurst Hill Community Primary School
Bulmer St Andrew's C of E (VC) Primary School
Burnham-on-Crouch Primary School
Buttsbury Infant School
Canewdon Endowed C of E (VC) Primary School
Canvey Island Infant School
Canvey Junior School
Castledon School
Cathedral Primary School
Cedar Hall School
Chancellor Park Primary School, Chelmsford
Chappel Church of England (Controlled) Primary School
Chase Lane Primary School and Nursery
Cherry Tree Primary School and Speech and Language Unit
Cherry Tree Primary School, Basildon
Chigwell Primary School
Chigwell Row Infant School
Chipping Hill Primary School
Chipping Ongar Primary School
Chrishall Holy Trinity And St Nicholas Church of England (Voluntary Aided) Primary School
Church Langley Community Primary School
Churchgate Church of England (Voluntary Aided) Primary School, Harlow
Clavering Primary School
Cold Norton Primary School
Collingwood Primary School
Colne Engaine Church of England (Voluntary Aided) Primary School
Coopersale and Theydon Garnon Church of England (Voluntary Controlled) Primary School
Copford Church of England (Voluntary Controlled) Primary School
Crays Hill Primary School
Cressing Primary School
Danbury Park Community Primary School
De La Salle School
de Vere Primary School
Debden Church of England (Voluntary Controlled) Primary School
Dedham Church of England (Voluntary Controlled) Primary School
Doddinghurst Church of England (Voluntary Controlled) Junior School
Doddinghurst Infant School
Down Hall Primary School
Downham Church of England (Voluntary Controlled) Primary School
Dr Walker's Church of England (Voluntary Controlled) Primary School, Fyfield
Dunmow St Mary's Primary School
Earls Colne Primary School and Nursery
East Hanningfield Church of England Primary School
Edward Francis Community Primary School
Elm Hall Primary School
Elmstead Primary School
Elmwood Primary School
Elsenham Church of England (Voluntary Controlled) Primary School
Engaines Primary School
Epping Primary School
Epping Upland Church of England Primary School
Eversley Primary School
Fairhouse Community Infant School
Fairhouse Community Junior School
Farnham Church of England Primary School
Fawbert and Barnard (UNDL) Primary School
Feering Church of England (Controlled) Primary School
Felmore Primary School
Felsted Primary School
Finchingfield Church of England (Voluntary Controlled) Primary School
Fingringhoe Church of England (Voluntary Aided) Primary School
Ford End Church of England Primary School
Fordham All Saints Church of England (Voluntary Controlled) Primary School
Friars Grove Primary School
Frinton-on-Sea Primary School
Frobisher Primary and Nursery School
Galleywood Infant School
Ghyllgrove Community Infant School
Ghyllgrove Community Junior School
Glebe Primary
Glenwood School
Gosbecks Primary School
Gosfield Community Primary School
Grange Primary School
Great Bardfield Primary School
Great Bentley Primary School
Great Bradfords Infant and Nursery School
Great Bradfords Junior School
Great Dunmow Primary School
Great Easton Church of England (Voluntary Aided) Primary School
Great Leighs Primary School
Great Sampford Community Primary School
Great Tey Church of England (Voluntary Controlled) Primary School
Great Totham Primary School
Great Wakering Primary School
Great Waltham Church of England (Voluntary Controlled) Primary School
Greensted Infant School and Nursery
Hamilton Primary School
Hare Street Community Primary School and Nursery
Harlow Fields School and College
Harlowbury Primary School
Harwich Community Primary School and Nursery
Hatfield Peverel Infant School
Hatfield Peverel St Andrew's Junior School
Hazelmere Infant School and Nursery
Hazelmere Junior School
Heathlands Church of England (Voluntary Controlled) Primary School, West Bergholt
Henham And Ugley Primary & Nursery School
Hereward Primary School
High Beech Church of England (Voluntary Controlled) Primary School
High Ongar Primary School
Highfields Primary School
Highwood Primary School
Hillhouse Church of England (Voluntary Controlled) Primary School
Hilltop Infant School
Hockley Primary School
Hogarth Primary School
Holland Haven Primary School
Holland Park Primary School
Holly Trees Primary School
Holt Farm Infant School
Holy Family Catholic Primary School, Benfleet
Holy Family Catholic Primary School, Witham
Holy Trinity Church of England (Voluntary Controlled) Primary School, Halstead
Holy Trinity Church of England Primary School, Eight Ash Green and Aldham
Home Farm Primary School
Ingatestone and Fryerning Church of England (Voluntary Aided) Junior School
Ingatestone Infant School
Ingrave Johnstone Church of England (Voluntary Aided) Primary School
Ivy Chimneys Primary School
Janet Duke Primary School
Jerounds Community Infant School
Jerounds Community Junior School
John Bunyan Primary
John Ray Infant School
John Ray Junior School
Katherines Primary School
Kelvedon Hatch Community Primary School
Kendall Church of England Primary School
King's Ford Infant School and Nursery
King's Ford Junior School
Kings Road Primary School
Kingswode Hoe School
Kingswood Infant School
Laindon Park Primary School
Lambourne Primary School
Langenhoe Community Primary and Pre School
Langham Primary School
Larkrise Primary School
Latchingdon Church of England (Voluntary Controlled) Primary School
Lawford Church of England (Voluntary Aided) Primary School
Lawford Mead Primary
Layer-De-La-Haye Church of England (Voluntary Controlled) Primary School
Leigh Beck Infant School and Nursery
Leigh Beck Junior School
Lexden Primary School
Lexden Springs School
Limes Farm Infant School and Nursery
Limes Farm Junior School
Lincewood Primary School
Little Hallingbury Church of England (Voluntary Aided) Primary School
Little Waltham Church of England (Voluntary Aided) Primary School
Long Ridings Primary School
Lubbins Park Community Primary School
Maldon Primary School
Manuden Primary School
Margaretting Church of England (Voluntary Controlled) Primary School
Market Field School
Matching Green Church of England (Voluntary Controlled) Primary School
Maylandsea Primary School
Merrylands Primary School
Mersea Island School
Mid PRU
Mildmay Infant and Nursery School
Milldene Primary School
Millfields Primary School
Millhouse Infant School and Nursery
Millhouse Junior School
Milwards Primary School and Nursery
Montgomery Infant School and Nursery, Colchester
Montgomery Junior School, Colchester
Moreton Church of England (Voluntary Aided) Primary School
Mountnessing Church of England (Voluntary Controlled) Primary School
Myland Community Primary School
Nazeing Primary School
Newport Primary School
Noak Bridge Primary School
North Crescent Primary School
North East PRU
North Primary School and Nursery
Northlands Infant School and Nursery
Northlands Junior School
Oak View School
Oakfield Primary School
Oaklands Infant School
Oakwood Infant School
Old Heath Community Primary School
Our Lady of Ransom Catholic Primary School
Parsons Heath Church of England (Voluntary Controlled) Primary School
Perryfields Infant School
Perryfields Junior School
Maple Grove Primary
Poplar Adolescent Unit
Powers Hall Infant School
Prettygate Infant School
Prettygate Junior School
Priory Primary School, Bicknacre
Queen Boudica Primary School
Quilters Infant School
Quilters Junior School
Radwinter Church of England (Voluntary Aided) Primary School
Ramsden Hall School
Rayne Primary and Nursery School
Rettendon Primary School
Richard de Clare Community Primary School
Rickling Church of England (Voluntary Aided) Primary School
Ridgewell Church of England (Voluntary Aided) Primary School
Rivenhall Church of England (Voluntary Controlled) Primary School
Riverside Primary School
Roach Vale Primary School
Roding Valley High School
Rodings Primary School
Roxwell Church of England (Voluntary Controlled) Primary School
Ryedene Community Primary School
Shalford Primary School
Sheering Church of England (Voluntary Controlled) Primary School
Shelley Primary School
Shorefields School
Silver End Primary School
South Green Infant School
South Green Junior School
South PRU
Southview School
Spring Meadow Primary School
Springfield Primary School
St Andrew's Church of England (Voluntary Aided) Primary School, Halstead
St Andrew's Church of England (Voluntary Aided) Primary School, North Weald
St Andrew's Church of England (Voluntary Controlled) Primary School, Great Yeldham
St Andrew's Church of England (Voluntary Controlled) Primary School, Marks Tey
St Anne Line Catholic Infant School
St Anne Line Catholic Junior School
St Aubyns Adolescent Unit
St Benedict's Catholic College
St Francis Catholic Primary School, Braintree
St Francis Catholic Primary School, Maldon
St George's Church of England Primary School, Great Bromley
St George's Infant School and Nursery
St George's New Town Junior School
St Giles' Church of England Primary School
St Helen's Catholic Infant School
St James' Church of England (Voluntary Aided) Primary School, Colchester
St James' Church of England (Voluntary Aided) Primary School, Harlow
St John Fisher Catholic Primary School
St John Payne Catholic School
St John The Baptist Church of England (Voluntary Aided) Primary School Pebmarsh
St John's Church of England (Voluntary Controlled) Primary School, Buckhurst Hill
St John's Church of England (Voluntary Controlled) Primary School, Colchester
St John's Church of England (Voluntary Controlled) Primary School, Danbury
St John's Church of England (Voluntary Controlled) School, Epping
St John's Green Primary School
St Joseph the Worker Catholic Primary School
St Joseph's Catholic Primary School, Canvey Island
St Joseph's Catholic Primary School, Harwich
St Joseph's Catholic Primary School, SWF
St Katherine's Church of England Primary School
St Lawrence Church of England Primary School, Rowhedge
St Margaret's Church of England (Voluntary Aided) Primary School, Bowers Gifford
St Margaret's Church of England (Voluntary Controlled) Primary School Toppesfield
St Mary's Church of England (Foundation) Primary School, Stansted
St Mary's Church of England (Voluntary Aided) Primary School Woodham Ferrers
St Mary's Church of England (Voluntary Aided) Primary School, Burnham-on-Crouch
St Mary's Church of England (Voluntary Aided) Primary School, Hatfield Broad Oak
St Mary's Church of England (Voluntary Aided) Primary School, Saffron Walden
St Michael's Church of England (Voluntary Aided) Junior School, Galleywood
St Michael's Church of England (Voluntary Aided) Primary School, Braintree
St Michael's Primary School and Nursery, Colchester
St Nicholas' Church of England (Voluntary Controlled) Primary School, Rayleigh
St Nicholas Church of England (Voluntary Controlled) Primary School, Tillingham
St Osyth Church of England Primary School
St Peter's Catholic Primary School
St Peter's Church of England (Voluntary Aided) Primary School, South Weald
St Peter's Church of England (Voluntary Aided) Primary School, West Hanningfield
St Peter's Church of England (Voluntary Controlled) Primary School, Coggeshall
St Peter's Church of England (Voluntary Controlled) Primary School, Sible Hedingham
St Pius X Catholic Primary School
St Teresa's Catholic Primary School, Hawkwell
St Thomas of Canterbury Church of England (Aided) Infant School, Brentwood
St Thomas of Canterbury Church of England (Aided) Junior School, Brentwood
Stanley Drapkin Primary School, Steeple Bumpstead
Stanway Fiveways Primary School
Stanway Primary School
Stapleford Abbotts Primary School
Staples Road Primary School
Stebbing Primary School
Stock Church of England Primary School
Sunnymede Infant School
Sunnymede Junior School
Takeley Primary School
Tanglewood Nursery School
Tany's Dell Community Primary School
Templars Primary & Nursery School
Tendring Primary School
Terling Church of England (Voluntary Aided) Primary School
Thaxted Primary School
The Alderton Infant School
The Alderton Junior School
The Bishop William Ward Church of England Primary School
The Bishops' Church of England and Catholic Primary School
The Deanes School
The Downs Primary School and Nursery
The Edith Borthwick School
The Endeavour School
The Fitzwimarc School
The Henry Moore Primary School
The Howbridge Infant School
The Kingswood Junior School
The Leverton Infant and Nursery School
The Leverton Junior School
The Mayflower Primary School
The Phoenix Primary School
The Wickford Infant School
Takeley Primary School
Tanglewood Nursery School
Tany's Dell Community Primary School
Templars Primary & Nursery School
Tendring Primary School
Terling Church of England (Voluntary Aided) Primary School
Thaxted Primary School
Theydon Bois County Primary
Thomas Willingale School
Tiptree Heath County Primary
Tollesbury County Primary
Tolleshunt D’Arcy St Nicholas CE Primary
Trinity Road County Primary Chelmsford
Trinity St Mary’s CE Primary South Woodford
Two Village Primary School
Upshire Primary Foundation School
Vange County Primary & Nursery
W & S Hanningfield St Peter’s CE Primary
Waltham Holy Cross Primary
Walton Primary School
Warley County Primary Brentwood
Wentworth County Primary Maldon
West Horndon County Primary
Westlands County Primary Chelmsford
Wethersfield Church of England (Voluntary Controlled) Primary School
White Bridge Primary School
White Court School
White Notley Church of England (Voluntary Controlled) Primary School
Whitmore Primary School
Wickford Junior School
William Martin Church of England (Voluntary Controlled) Infant and Nursery School, Harlow
William Martin Church of England (Voluntary Controlled) Junior School, Harlow
William Read Primary School
Willowbrook Primary School
Wimbish Primary School
Winter Gardens Primary School
Wix and Wrabness Primary School
Woodcroft Nursery School
Woodham Walter Church of England (Voluntary Controlled) Primary School
Woodlands School, Basildon
Writtle Infant School
Writtle Junior School
Wyburns Primary School
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