Governor's budget plan

Three Year Governors Budget Plan

With effect from 2025/26 each maintained school must submit a Governors’ Budget Plan (GBP) to the LA showing its intentions for expenditure for the next three years and the assumptions underpinning each year’s budget plan. The GBP template for 2025/26 onwards has therefore been redesigned to include the additional years which schools must complete to fulfil this three year requirement. This must include providing any additional information requests that may appear when completing the GBP template such as reasons for large differences to the previous year. Schools must also take full account of estimated deficits/surpluses at the previous year-end in preparing their budget plan.

The format of the budget plan will take account of the Consistent Financial Reporting Framework (CFR) and for year 1 this will be at a detailed CFR level. For years 2 & 3 we will not require the plan at such a detailed level as year 1, therefore, the format will be at a summarised CFR level.

Schools that submit a Governors’ Budget Plan showing a deficit will also be required to submit a recovery plan as part of the LA’s balance control mechanism. Where necessary further revised plans may also be requested throughout the year where a school is in deficit or at risk of going into deficit.

2025 26 Three Year Governors Budget Plan  (XLSM, 5.5 MB)

2025 26 Three Year GBP reduced size

Deficit Budgets Recovery Plan 2025/26

If a deficit 2025/26 budget is submitted on GBP, a Recovery plan has to be submitted by Friday 28th June 2025 via Perspective Lite (GBP Tag).

2025/26 Governors Budget Plan Timetable