Annal Nayyar Reports September 2014 Funding Arrangements

Education Funding Agency (EFA) arranges for academies to receive the payments set out in their funding agreements on a monthly basis. Their revenue funding is called the general annual grant (GAG) and monthly remittance advice notes accompany payments.

There are short descriptions about each funding element included with remittances which make them easy to understand. EFA has also produced a brief guide to give more detailed information about each funding element which might be included in your remittance advice note. The guide also includes information about when payments for each element are paid.

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