Selecting Month End > Funding Calculator from the side menu will open the Funding Calculator page. This page lists funding periods, with reports available for each showing the funding calculated by PICS for the period. These reports can be used to check your own records against those of the ESFA. Only users with the User PermissionFunding Calculator set will be able to access and use this section.
In this page, you can also process the current period, either as a Draft or a Final calculation.
Once you have run the funding calculator, funding calculations for individual learners can be viewed in the Actual Funding tab in the ILR Summary.
Navigating the Funding Calculator
For each funding period in the list, the following details are shown:
Period Start date
Status – This indicates whether the period has been Drafted or Finalled.
Last Run date and time – This refers to the last time calculations were run for the period.
Run By – Selecting this will take you to the corresponding Officer Summary page.
Filtering the List
The option to filter by funding Year is available above the list. Bear in mind that this is not the calendar year and instead runs from August of the chosen year to July of the next year. Once you have chosen the year, press Enter or select the Search icon to run the search and apply your filters.
Exporting the List
Selecting More shows an option to Export to Excel. Selecting this will generate an Excel Spreadsheet containing the details currently displayed in the list. Note that this will just contain the details outlined above and no funding information.
Funding Calculator Actions
Selecting Actions > Add Funding Period from the top-right corner of the page will allow you to Draft or Final the current period if it has not already been finalled. You can also Process Past Periods by selecting the ... icon by one in the list and choosing the relevant action.
You can also select ... > Reports by a period in the list to view and export Funding Reports.