The Department for Education (DfE) cancels academies budget forecast return outturn
Each year, Academy Trusts are required to submit the financial outturn as at the end of March.
This information will allow the Education and Skills Funding Agency to ensure that the academy sector can accurately report its financial data to HM Treasury. The online form was due to be made available the week commencing 20 April.
Following the outbreak of the coronavirus, there has been added demands on schools and academies, as well as the difficulties encountered with remote working by some staff.
As a result of this, on 17 April The Department for Education have announced that the budget forecast return outturn will not be required this year.
At the time of writing, the budget forecast return 3 year is still required to be completed. The online form is scheduled to go live on 23 June.
If you would like to find out how we can support your Trust in meeting ESFA requirements, please contact our specialists: