GAG pooling: DfE considers issuing guidance
Move would give leaders ‘more support’ over how to handle academy cash, says official Move would give leaders ‘more support’ over how to handle academy cash, says official More from this theme Recent articles The Department for Education is considering drawing up GAG pooling guidance following controversies over the amounts trusts take from school budgets. The move would give leaders “more support” over how to handle academy cash, said Lindsey Henning, director of schools financial support and oversight at the Education and Skills Funding Agency. Most MATs top-slice their schools’ general annual grant (GAG) cash to pay for central services. However, growing numbers are opting to pool the money, a method that offers much less transparency, but allows them to distribute funding more evenly across their academies. Accounting expert Will Jordan, of IMP Software, said trusts are “currently having to navigate their thinking around this without any real direction” from government. “[Guidance] would give clarity to the sector… and help demystify this area that many leaders, both trust and school, are grappling with,” he said. …