Glossary
Tolerance
The margin by which delivery may fall short of an allocation without the funding being reduced.
In full
Some funding arrangements include a tolerance: a percentage of the allocation that may go undelivered without triggering a reduction.
Tolerance levels are set out in the funding rules for the year and stream, and should never be assumed to have carried over from a previous year.
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
Adult Skills Fund: earning, evidencing and reconciling
An allocation you have to earn, with eligibility that must be evidenced before you claim, and a reconciliation at the end that can reduce what you keep.
module
Building a funding map for your college
A funding map sets out every stream a college receives, how each is earned, when it reconciles and what data drives it. It is the fastest way for a finance or leadership newcomer to become useful.
module
Reading an allocation statement
What an allocation is, which elements are formula-driven, which are lagged, and what to reconcile it against.