Glossary
Funding forecast
The projection of what a college expects to earn for the rest of the funding year.
In full
Where this comes up
diagnostic
Funding dropped this month and nobody can explain why
The funding report for this period shows less than expected, or less than last period. Because every return restates the whole year, a change made this month can move earnings reported in earlier months, so the drop may have nothing to do with this month's delivery.
module
How further education funding actually works
Colleges are not paid a block grant for teaching. They are funded through several separate streams, each with its own rules, and each earned by recording delivery in the ILR.
module
Reconciling funding month by month
How to compare what the return earned against what you expected, explain the movement, and stop year-end surprises before they form.
diagnostic
An aim is on the ILR but generates no funding
The aim validates and appears on the ILR, but generates no earnings. Validation and funding are different tests: a record can be perfectly valid and still not qualify for funding.
scenario
A governor asks what the funding risk actually is
At a board meeting, a governor asks what would have to go wrong for the funding position to be materially misstated. What is a good answer?
scenario
An adult learner is recorded under the wrong funding model
An aim has been recorded under a funding model that does not match the provision. Everything downstream is assessed against the wrong rulebook.