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The Schools Budget Shares (Wales) Regulations 2004
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Formula for determination of budget shares
7.—(1) A local education authority must determine before the beginning of a financial year, and after the consultation referred to in regulation 6, the formula which they will use to determine schools' budget shares in that financial year having regard to the factors, criteria and requirements set out in these Regulations.
(2) A local education authority must have regard to the desirability of such a formula being simple, objective, measurable, predictable in effect and clearly expressed.
(3) A local education authority may not use factors or criteria in their formula which make an allowance, in whole or in part, for any amount allocated to the school from any grant paid to the authority by the National Assembly or the National Council.
(4) Subject to regulation 22 (additional arrangements approved by the National Assembly) a local education authority must use the formula determined under paragraph (1) in all determinations and redeterminations of budget shares in respect of that financial year.
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