The latest round of CIF funding (Condition Improvement Funding) will be in full swing as many academy accountants complete their meetings. CIF funding will be scored against 3 weighted assessment criteria. Historically this has been based mainly on the type of project, academy contribution, need etc. However, this year some additional scoring metrics will be added. These will favour bids from schools “with good governance and organised finances – including showing restraint on executive salaries”. These will include:
On the second two bullet points, we have seen this occur within Trusts in the South-West, of which had some irregular expenditure. Part of the ESFA’s conditions to not impose a FNTI was to adopt the new funding agreement and to have a SRMA visit.