Glossary
Rates and formula
The official document setting out the funding rates and the calculation for a stream and funding year.
In full
The rates and formula document gives the figures and the method: the rates that apply, the factors used and how they combine.
It is the authority for any number. Numbers quoted anywhere else, including here, should be checked against it.
Where this comes up
module
16 to 19 funding: how the formula actually works
Student numbers, band, national rate, retention, programme cost weighting and uplifts. Where each element comes from, and which of them your own data controls.
module
Reading an allocation statement
What an allocation is, which elements are formula-driven, which are lagged, and what to reconcile it against.
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.
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.
module
Qualification achievement rates: how your data becomes your results
Achievement rates are calculated from the ILR. Understanding the cohort is what turns an unexplained rate into an explainable one.
scenario
Tailored learning recorded under the wrong allocation
Non-formula-funded adult provision has been recorded alongside formula-funded delivery. Two allocations, one set of records.