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.
module
The collection year: what each return is for
Fourteen returns, each restating the whole year. Three of them matter more than the others, and knowing which is most of the job.
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.
diagnostic
16-19 Funding model must be returned for this learning aim
If the learning aim is a CDF Industry Placement or T Level work experience aim, then the 16-19 funding model must be returned