The ISB is the amount directly delegated to schools and is calculated using a locally determined funding formula drawn up by the LA and on which governing bodies and other interested parties have to be consulted. The School Funding (Wales) Regulations 2010
requires that 70% of the individual school budget is pupil-led i.e. is based on the number of pupils enrolled at the school. The remainder of the funding is assessed to cover factors such as:
Where can I get more information about Governors and Finance?
Use the following link to download the Governors Wales Governor Guide on Governors and Finance.