Payment Frequency Survey
Proposed Models - please tell us your preferred model (see the downloadable document for further details)
Model 1 - Current Payment Method
Pay providers based on the existing current payment method. This model pays 70% of funding paid in the Forecasting Headcount Task and the remaining 30% funding paid in the Actual Headcount Task with a further Amendment Task for any funding adjustments.
Model 2
Pay providers 12 monthly payments with front loaded payments at the start of each term (for example, a 40% front loaded payment will be paid in April, September and January) with all remaining monthly payments profiled for the number of months in the term.
- The summer term is five months. Providers will be paid 40% funding in April, followed by four monthly payments in May to August of 15% based on pupil data they input on the Sheffield Provider Portal.
- Autumn term is four months. Providers will be paid 40% in September followed by three monthly payments of 20% based on data they input on the Sheffield Provider Portal.
- Spring term is three months. Providers will be paid 40% in January followed by two monthly payments of 30% based on data they input on the Sheffield Provider Portal.
Model 3
Pay providers 12 monthly payments with front loaded payments at the start of each term (for example, 45% front loaded payment paid in April, September and January) with all remaining monthly payments profiled for the number of months in the term.
- The summer term is five months therefore providers will be paid 45% in April, followed by four monthly payments in May to August of 13.75% based on data they input on the Sheffield Provider Portal.
- Autumn term is four months therefore providers will be paid 45% in September followed by three monthly payments of 18.33% based on data they input on the Sheffield Provider Portal.
- Spring term is three months therefore providers will be paid 45% in January followed by two monthly payments of 27.5% based on data they input on the Sheffield Provider Portal.