ESFA: We have amended the 2021 to 2022 Financial Assurance: Monitoring post-16 plan to include 2 new reports; FRM43 and FRM69

the 2021 to 2022 Financial Assurance: Monitoring post-16 plan to include 2 new reports; FRM43 and FRM69 Intended audience

This document is for colleges, training providers and other providers who have a funding agreement with us. Specifically, it is aimed at those staff who submit data to us and those who review data quality. We have included a summary of all the relevant rules and guidance in this document. We have assumed that you are familiar with these documents and the relevant terminology. click here to review documents

We monitor the data reported to us as part of our assurance work. We monitor data from the Individualised Learner Record (ILR), School Census (SC), and other sources such as the Earnings Adjustment Statement (EAS) and the Student Loans Company (SLC).

This desktop review of how the funding system and funding rules operates has the following aims:

to identify possible errors in the funding claimed for post-16 delivery that require further investigation
to improve the overall quality of the data reported
to assure us that the provision we buy meets our published funding rules
to inform our standard business processes for assurance, audit, end-of-year payment and reconciliation
to support the development of policy (existing and new policy development)
to ensure benefits are realised and policy reaches its intended target group

You must read this document along with any other documents referred to and take the necessary action to ensure data returns and funding claims are correct. Failure to take the necessary action may impact your year-end funding for 2021 to 2022. These documents include: