Departmental budgets and accounts
The Budget 2011-15 was approved by the Assembly on 9 March 2011, setting the resource and capital spending plans for the Department for the 4 year period.
In the interim, further changes to the budget allocation for Education have taken place. These include additional funding secured by the Education Minister to go directly to schools and additional asset sales to be delivered over the last 3 years of the Budget period.
Funding available for the Department of Education
2011-12 |
2012-13 |
2013-14 |
2014-15 |
|
|---|---|---|---|---|
| Resource | £1,894.9m | £1,906.4m | £1,903.0m | £1,949.8m |
| Capital | £114.7m | £101.9m | £106.0m | £182.2m |
The budget is used to fund both education and youth services. The largest element of the resource budget is allocated directly to schools (around 60%) to meet their on-going running costs.
The funding available across the Budget 2011-15 period is less than what had previously been available in 2010-11 and a Savings Delivery Plan was introduced to ensure that the Department remained within budget.
Accounts
The Department of Education is responsible for producing the following annual accounts:
Department of Education Resource Accounts; and
Teachers' Superannuation Annual Scheme Statements.
The Department provides funding to a number of public and private sector bodies, including Non-Departmental Public Bodies (NDPBs).
Financial information in relation to the Department's NDPBs is reported separately in their individual annual reports and accounts.
