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The School Funding (Wales) Regulations 2010
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Timing and notification of initial determination of schools' budget shares
9.—(1) Before 31 March immediately preceding the beginning of a funding period, a local authority must
(a)make an initial determination of the amount of a school’s budget share for that funding period, and
(b)give notice of each school’s budget share for that funding period to the governing bodies of the schools they maintain.
(2) The notice given under paragraph (1)(b) must contain an explanation of how the school’s budget share was determined and an estimate of the school’s budget shares for the following two funding periods but that estimate is not binding on the authority as to the actual determinations they make for the following two funding periods.
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