Revised Common funding formula budgets for schools 2015/16

This page contains the revised Common Funding Allocations for the 2015-16 Financial Year.

Revised budgets for 2015/16 due to additional funding for increased Employers Costs.

The Executive set aside funding in the Final Budget 2015-16 to mitigate increased public sector pension costs as a result of significant additional employer contribution costs.  An in-year budget addition of £30.008m was made available to the 2015-16 delegated Budgets for schools, distributed using the Common Funding Formula, to mitigate increases in the NI Teachers Pension Scheme (NITPS) costs. 
The documents below provide summary totals of the additional allocations and revised budget totals for all grant-aided schools in 2015-16.

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