Finance for school governors

This section provides useful finance information and links to related resources.

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Schools forum
Valuable lessons guide 2009 (PDF 252KB)
The Financial Management Standard in Schools
Model financial procedures for schools (Word 129KB) - Detailed financial regulations and procedures that schools must follow in order to demonstrate proper accountability and to safeguard governors and staff of the school.
Scheme for financing schools (PDF 266KB) - Sets out the financial relationship between Knowsley and the maintained schools which it funds. Contains financial management requirements and associated issues, binding on both the authority and on schools.
Use of school buildings for non school activities (Word 451KB)
Section 52 statements - Local autorities are required under Section 52 of the School Standards and Framework Act 1998 to prepare a budget statement by 31 March each year for the following financial year.

Improving value for money

The audit commission have published a very useful briefing to provide school governors with a guide to going beyond good financial management to improving value for money. This will help you ensure as much money as possible can be spent on improving outcomes for children.

School charging guidance

Guidance on charging for school activities and visits has recently been revised. Visit the Teachernet site for more details.