Finance Reports - Clawback

Introduction

The Bud Finance Reports include Clawback reporting to provide a summary of the financial implication associated with the late processing of the following areas;

  • Withdrawals
  • Breaks in learning (coming soon)
  • Pending breaks and withdrawals (Coming Soon)

User Role 

  • All users with a reporter - Finance Reports permission switched on

How to: Withdrawals

This page monitors the clawback attributed to withdrawn learners and indicates the financial amount that should be paid back to the ESFA to give you the ability to reconcile this clawback against the payments reports from the ESFA as well as monitor trends and fluctuations throughout the academic year.

Reports are based on a version of the apps indicative report which assumes no withdrawals compared to the current apps indicative values.

 

 

Business Rules

In year clawback

Sum of Apps Indicative Funding dated from the withdrawal processed month (discounting current month) to August (inclusive) of current academic year OR the month of actual end date.
Note: A month of funding is retained if the learner Actual End Date meets the census requirements ie is on the last day of the month.

Previous years clawback 

Sum of Apps Indicative Funding dated from July of the previous academic year (inclusive) to the month of actual end date

Note: A month of funding is retained if the learner Actual End Date meets the census requirements ie is on the last day of the month.

 

Total Clawback

Sum of the in year clawback and previous year clawback

Number of withdrawals

Total number of withdrawn learning episodes processed in that month

Average clawback per withdrawal

Total Clawback / Total number of withdrawals

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