QUOTE (Shiny @ Jun 12 2009, 20:15)

If this is adopted in Essex I am not sure how I will sustain my massive rent!!!

Essex haven't yet decided exactly which formula they will use. I went to the consultation meeting at County Hall in Chelmsford last night and it was interesting to say the least!
They are going to be using an hourly rate but there will be other supplements too. What these are and how they will be calculated has not yet been decided.
They seem keen to include a 'quality provision' supplement but how this would be 'measured' is not yet clear. Qualifications of staff and OFSTED inspection outcomes were mentioned! The latter was strongly opposed by the vast majority of those present - it may be that Essex develop their own 'quality assurance' type scheme.
Extra funding for children in deprived areas was also discussed. Those present were asked for a show of hands as to what percentage of the overall budget would be 'right' .
They did say that though the new funding comes in early next year, the increase in hours is effective from September 2010. They were talking in terms of hours of attendance being 570 a year per eligible child.
One immediate thought is that the funding runs from april - april but each child's 'year' will start the term after their third birthday so the adminstration could be problematic in terms of keeping track of hours over different funding years! Not sure I am explaining it very well! Currently the funding has its own 'year' and though children are eligible at three different points during the year the funding as a whole 'starts and stops' and a new amount announced for the new 'funding year'. Under the new system a child who gets funding in September will have two terms under the current 'funding year' but when the new funding year starts the child's entitlement of 570 hours a year would still have a term to run! It seemed obvious to me that if they want to calculate things in terms of hours it would be easier to do X number of hours a term but that would reduce the whole 'flexibility' issue.
They also said that they expect a transition period of about two years for the new system to be embedded.
It was certainly an interesting evening but the two hours went far to quickly but it was good to be invited to attend and get an insight into the enormity of the funding issue at LEA level and to know they are interested in the views of practitioners. As with many things we cannot all get what we would like and the outcome will be that some settings get more than they do currently and others may get less.