Introduction
The Bud Finance Reports include Clawback reporting to help organizations manage financial implications related to late processing of withdrawals, breaks in learning, and pending breaks. This report provides a summary of the financial amounts that need to be repaid to the ESFA, allowing users to reconcile these amounts against ESFA payment reports. By monitoring trends and fluctuations throughout the academic year, stakeholders can ensure accurate financial management.
User Role
- All users with a reporter - Finance Reports permission switched on
How to: Clawback
This page monitors the clawback attributed to withdrawn, break or pending learners and indicates the financial amount that should be paid back to the ESFA to give you the ability to reconcile this clawback against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.
Business Rules
In year clawback
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Total number of withdrawn learning episodes processed in that month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