URL: https://mycouncil.oxfordshire.gov.uk/ieDecisionDetails.aspx?ID=11429

Decision Maker: Delegated Decisions by Cabinet Member for Children and Young People

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: The final funding formula for schools and academies for 2026/27 needs to be formally approved politically for submission to the DfE for setting mainstream schools budgets for the 2026/27 financial year.

Content: The final funding formula for schools and academies for 2026/27 needs to be formally approved politically for submission to the DfE for setting mainstream schools budgets for the 2026/27 financial year. The Chair introduced the item to the meeting.   The Chair noted that this was the formal approval to submit the Schools Funding Formula 2026/27 to the Department for Education, after consultation with local schools and the Schools Forum.   The Chair stated that the National Formula Factor rates had been followed as closely as they could be subject to affordability.   The Chair thanked officers and agreed to the recommendations in the report.   RESOLVED to:   a)    Approve the final funding formula for 2026/27 for submission to Department for Education (DfE).

Date of Decision: February 3, 2026