Effective financial management ensures money is spent wisely and properly, and allows schools to optimise resources to provide high-quality teaching and learning and so raise standards and attainment for all their pupils.
Schools are required to submit their SFVS annually to:
Jayne WallheadAudit ClerkDerbyshire Audit ServicesCounty HallMatlockDerbyshireDE4 3AG
The SFVS has been designed in conjunction with schools to assist them in managing their finances and to give assurance that they have secure financial management in place.
Assistance can be obtained from:
Find documents for self-evaluation and reporting on the Department for Education (DfE) website. You can now also find SFVS March 2019, which includes the standard and dashboard and other additional resources on the DfE website.
Audit services are staffed by highly qualified and experienced auditors drawn from a wide variety of professional backgrounds embracing both the public and private sectors.
Your school's CFR return has now been produced and submitted to the Department for Education (DfE).
Copyright gives creators the freedom to decide what happens to their creations. You may use someone else's work only if you have their permission by the copyright owner or if the law allows it.
Changes to the way the Early Years (EY) funding for maintained schools is to be shown in SAP for 2017-2018.
The range of financial, legal and insurance services we offer to schools and academies together with documents and useful links.
Issues around school lettings, particularly in relation to children's centres and extended services.
The Department for Education (DfE) and the Crown Commercial Service have developed free elearning procurement training modules for school staff who are responsible for budgets and buying.
Some schools will have noticed a change to the accounting treatment of the above at the year-end. Previously this issue was dealt with outside individual schools cost centres, and schools were only affected at the point of a debt being written-off.
Your public liability insurance does not automatically cover bonfire or firework displays organised by the school.
Information regarding funding support for the purposes of risk management.
Benchmarking allows you to check how your school's finances compare with other similar schools.
The timetable for preparing the year-end accounts is now available.
This guide is a supplement to the main accounts payable and accounts receivable VAT guidance.
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