Funding Formula Review

A Funding Formula Review is an evaluation process where authorities analyze how funds are allocated to different organizations or sectors, such as schools or hospitals. The goal is to ensure that funding is fair, efficient, and based on current needs. This review looks at existing formulas, considers changes in costs or circumstances, and recommends adjustments if necessary. Essentially, it’s a way to make sure resources are distributed appropriately to support effective service delivery and meet community or organizational needs.