School Buildings and Capital Funding Guide to Devolved Formula Capital
Guide to Devolved Formula Capital PDF Print

Devolved Formula Capital (DFC) is an amount of capital allocated each year to primary and secondary schools to be spent by them on their priorities in respect of buildings, ICT and other capital needs. It may be combined with capital funding from other sources, pooled with DFC allocated to other schools, and saved up to fund larger projects.

Accounting for DFC expenditure.

The DFC allocations to Diocesan schools are held in the bank account nominated by each school Governing Body. The Governing Body is responsible and accountable for the use and management of its DFC allocation. To assist with the accounting for the expenditure please download the DFC ledger here (Excel spreadsheet) and the instructions for use here (pdf). A worked example for the DFC ledger is available here (pdf).

Guidance

If you require any guidance or assistance in planning a capital project using your DFC allocation or in accounting for the expenditure of DFC, please contact the Property Department.
 
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