Academy conversion: surplus and deficit balance transfer process
Guidance for schools and local authorities on what happens if a school has a budget surplus or deficit when it converts to academy status.
Applies to England
Documents
Details
This guidance is for:
- local authorities
- school leaders
- school staff
- governing bodies
It explains what happens if a school has a budget surplus or deficit when it becomes an academy and is no longer maintained by the local authority.
This guidance relates to the and the .
Read more guidance for schools on converting to academy status.
Updates to this page
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Updated section 5 to clarify wording in the 'Treatment of surplus and deficit balances when maintained schools become academies' document.
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Updated section 1 and 5 following changes to legislation and guidance about the definition of a sponsored academy and section 8.1 about the treatment of local authority loan schemes.
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Updated document to clarify the definition of converter and sponsored academies; expand advice on the management of deficit costs; add information on schools with loans.
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First published.