Risk analysis
All maintained schools are subject to a risk red/amber/green (RAG) analysis. This process is conducted by the Schools Finance Team and is done twice a year; in August following year-end and initial budget submissions and again in January following a review of the revised budget and forecast outturn returns.
If you have any immediate queries regarding changes to the category your school has been assigned, then please contact the Schools Team. You will be contacted if there are any changes to reporting requirements for your school that result from a change to the category assigned to your school. Please note, any schools with a current Licenced Deficit Agreement must continue to report monthly, regardless of risk category, as stated in their agreement.
At the schools’ forum meeting held in November 2022, approval was granted for the revision of the criteria, the updated criteria are available for download below.