This paper (updated in April following the paper published in March 2024) is intended to support informed discussion about the assumptions you make as part of the three-year financial planning process for revenue expenditure. The suggestions and recommendations are included as a starting point for your discussions.
It is a requirement of the 2023 Academy Trust Handbook (ATH) that trusts prepare three-year planning forecasts. Local authority-maintained schools must submit a three-year budget forecast each year, at a date determined by the local authority between 1 May and 30 June.
This information paper is suitable for staff and board members who are involved in the completion and ratification of multi-year budget planning.
Download the paper here