Local Authority Central Spend Equivalent definition

Local Authority Central Spend Equivalent. Funding representing a proportion of the LA Education Budget money which the LA would be able to retain, from the non- delegated elements of the Schools Budget and the relevant items in the LA Budget, if that Academy were a maintained school. The proportion which this funding will represent will be based on the elements of the LA's Section 251 Budget Return which are relevant to that Academy.
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Examples of Local Authority Central Spend Equivalent in a sentence

  • When a school becomes an Academy, it receives a grant called the Local Authority Central Spend Equivalent Grant (LACSEG) to cover the cost of services previously provided by the Local Authority.

  • It replaces the Local Authority Central Spend Equivalent Grant (LACSEG) and the relevant element of the Council’s formula grant.

  • So, the formula budget share and Local Authority Central Spend Equivalent Grant (LACSEG) (ie the appropriate share of retained budgets) would be recouped by the DfE, such that the final DSG would be lower than otherwise by up to £8.8m.

  • The Secretary of State for Education has proposed to keep the 2011/12 top-slice for the Local Authority Central Spend Equivalent Grant (LACSEG) unchanged; and calculate the LACSEG costs in each Authority towards the end of the 2012/13.

  • This figure includes £33.8 million of specific grant that has been rolled into the new system, £11.5 million that has been taken out of the system relating to Local Authority Central Spend Equivalent Grant (LACSEG) funding, and a new Council Tax Support Grant of £24.4 million which replaces the income that would previously have been raised from the council taxbase in relation to council tax benefit claimants.

  • Maximum delegation of central services budgets means that the element of Local Authority Central Spend Equivalent Grant (LACSEG) that is drawn from the Dedicated Schools Grant will be passed directly to Academies through the simplified local formula in 2013/14.

  • The Government has top-sliced £145m of Formula Grant nationally in anticipation of schools opting for ‘Academy’ status in 2011/12 in order to create a new Local Authority Central Spend Equivalent Grant (LACSEG).

  • Local Authority Central Spend Equivalent Grant (LACSEG) is paid to academies to cover the costs of services that the local authority provides to maintained schools because academies are expected to secure these services independently”.

  • Education Services Grant (ESG) replaced the former Local Authority Central Spend Equivalent Grant (LACSEG) in 2013-2014.

  • The local authority LAGSEG (Local Authority Central Spend Equivalent Grant) has reduced significantly and the DfE has decided that schools that convert before 1 September 2011 will receive protection funding limiting the reduction to 10%.

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