Audio lesson · 9 minutes
Closing the funding year
At the final return the funding, the achievement rates and the audit population are all fixed at once. Everything that will be corrected has to be corrected before it.
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Chapters
- Three things fixed at once
- The close plan
- Rolling into the new year
Transcript
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Introduction
Closing the funding year properly. At the final return the funding, the achievement rates and the audit population are all fixed at once. Everything that will be corrected has to be corrected before it.
Three things are fixed at once
An error left in an in-year return can be fixed next month. An error left at the close is permanent in three dimensions simultaneously. The most damaging errors at the close are omissions rather than mistakes: an outcome never recorded, a learner never withdrawn.
The close plan
The dry run at R13 is the step colleges most often skip and most often regret. If the first time you run the final checks is at the final return, you will find work you cannot complete. Documenting what is known to be wrong, and why it could not be corrected, materially changes how a later audit conversation goes.
Rolling into the new year
Configuration for the new year has to be right before the first enrolments, not before the first return. An aim configured under last year's rules produces errors from day one. Review the specification changes, the validation rule changes and the devolved position before the year starts.
Read it instead
Closing the funding year properlyThe written module carries the same content at three depths, with the worked examples, the pitfalls and the sources.
Sources
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