Glossary
Risk indicator
A measurable signal that funding or data quality may be going wrong.
In full
Risk indicators are the things worth watching every month: learners in learning beyond their planned end date, aims without outcomes, sharp movements in earnings, claims that sit outside the normal pattern.
They are early warnings rather than findings. The value is in acting on them while the year is still open.
Where this comes up
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?
diagnostic
A valid Source of funding indicator must be returned for this LARS category code
If the 'Level 3 Free Courses for Jobs' learning delivery monitoring code has been returned and the aim has LARS category code 'Free Courses for Jobs – MCA and GLA only flexible delivery qualifications' then the Source of funding indicator must be a Combined Authority
diagnostic
The Advanced Learner Loans Bursary fund indicator is not required for this Funding model
If the learning aim is not funded by Funding model 99, then the Advanced Learner Loans Bursary fund indicator must not be returned
diagnostic
The Advanced Learner Loans indicator must be completed where the Advanced Learner Loans Bursary funding indicator has been returned
If the Advanced Learner Loans Bursary funding indicator has been returned, then there must be a Advanced Learner Loans indicator
diagnostic
The Advanced Learner Loans indicator must not be returned for apprenticeships
If the learning aim is part of an apprenticeship programme, then the Advanced Learner Loans indicator must not be returned
diagnostic
The Advanced Learner Loans indicator must not be returned for this Funding model
If the learning aim is not funded by Funding model 99, then the Advanced Learner Loans indicator must not be returned