logo-education
0370 270 6000

already registered?

Please sign in with your existing account details.

need to register?

Register to access exclusive content, sign up to receive our updates and personalise your experience on brownejacobson.com.

Privacy statement - Terms and conditions

balancing budgets…

29 November 2013
Staffing costs typically account for anywhere between 70% and 80% of a school’s budget. With the medium term prospects of school finances looking like flat-lining income at best, staffing costs are likely to come under increased scrutiny when setting budgets. The position could be compounded for many schools by the introduction of a national single funding formula and increased pension costs. Browne Jacobson’s school leaders survey 2013, a survey of school leaders from right across the sector and the country, shows 54% of maintained school leaders saw changes to terms and conditions as a major priority compared to 34% of academy leaders. This is surprising when you consider this is one of the academy freedoms. Undoubtedly balancing budgets is getting more difficult for schools. Whilst benchmarking costs and shared services will play an important part in budget discussions, with salary costs representing such a large proportion of a school’s expenditure they cannot be ignored. It will be interesting to see how PRP is used in future years.

related opinions

Government guidance on Covid-19 for Higher Education (HE) institutions

Following the Prime Minister’s announcement on new measures to tackle Coronavirus, and with students about to start new terms, the government has updated its guidance to universities to make their buildings and campuses as safe as possible.

View blog

Government announces ten-year programme of school rebuilding

Ambitious funding plans, announced recently by the Prime Minister, have made clear that spending on school buildings is seen as a key element of efforts to stimulate the economy post-COVID.

View blog

Members of academy trusts have fiduciary duties

We are increasingly asked are there any limits on how members can exercise their powers.

View blog

Levelling Up – What now for education policy?

Following the Conservatives’ election victory in December the new government will be able to implement their election manifesto in full.

View blog

mailing list sign up



Select which mailings you would like to receive from us.

Sign up