Online from: 1988
Subject Area: Accounting and Finance
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|Title:||Accounting for needs? Formula funding in the UK schools sector|
|Author(s):||Gloria Agyemang, (School of Management, Royal Holloway, University of London, Egham, UK)|
|Citation:||Gloria Agyemang, (2010) "Accounting for needs? Formula funding in the UK schools sector", Accounting, Auditing & Accountability Journal, Vol. 23 Iss: 1, pp.82 - 110|
|Keywords:||Education, Financing, Resource allocation, Schools, United Kingdom|
|Article type:||Research paper|
|DOI:||10.1108/09513571011010619 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Acknowledgements:||The author is grateful to two anonymous referees, Jane Broadbent, Jeffrey Unerman, Brendan O'Dwyer, Pam Stapleton, Geoff Heath and John Cullen for their helpful comments.|
Purpose – The purpose of this paper is to analyse whether the development of a needs-based funding formula for resource allocation incorporates the needs of funders or the needs of the service providers.
Design/methodology/approach – The paper analyses interview data and documentary evidence gathered from a UK local education authority about the creation of a “needs-based” formula for sharing resources to schools. It employs and extends a framework developed by Levacic and Ross to evaluate needs-based formula funding.
Findings – Although formula funding is purported to be a more objective method of resource allocation, the paper finds that as with other resource allocation methods the power relations between the funder and the service provider impacts on the extent to which service provider needs are incorporated into the funding formula.
Research limitations/implications – This paper considers only the funding of schools. Further work is needed to investigate formula funding for other public services.
Practical implications – Debates between funders and service providers should be encouraged by policy makers to ensure that allocations based on the funding formula are acceptable to service providers.
Originality/value – The paper provides a useful analysis of a needs-based funding formula for resource allocation in schools and whether this incorporates the needs of funders or the needs of the service providers.
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