Governors, in maintained schools and academies, are responsible for "overseeing the financial performance of the school and making sure its money is well spent", a duty which comes from statutory regulations and is reflected in the DfE Governors' Handbook. This section provides articles and guidance relating to how governors discharge this vital aspect of their role.
This Better Governor webinar explored the Schools Financial Value Standard (SFVS), as it is structured for 2021. The 2021 completed SFVS must be submitted to the relevant Local Authority in March 2021. We focused on the role of governance in maintained schools, where SFVS is statutory, looking in detail at the expectations of governor participation and ownership of the vital financial self-evaluation tool.
This webinar was aimed at governors in maintained schools. We focused on the third core function of governance; 'overseeing the financial performance of the school and making sure its money is well spent.' The webinar introduced attendees to the process of budget planning within education and explore how this forms the back drop to governor monitoring of school financial performance. Accountability is driven by questioning from governance in all schools and we will look at the sort of finance questions governors should ask of their schools.
This Better Governor webinar explores the importance of financial benchmarking within the role and responsibilities of governance in both maintained schools and academies. We reference the Governance Competency Framework and the requirements of the Academies Financial Handbook. The webinar explores the substance of effective benchmarking and where those involved in governance should expect schools to source benchmarking data and the expectations of its usage.
DfE clarifies funding of teachers’ pension employers’ contribution increases from September 2019-March 2020
School teachers pay in maintained schools is set to increase by 2.7% for 2019-2020.
This 'Finance Matters - Making Every Penny Count' webinar was broadcasted on Wednesday 26th September at 7pm.
The Department for Education has updated information on the implementation of the National funding Formula for schools and high needs.
The Education and Skills Funding Agency (ESFA) has published new guidance, to support academy trustees’ and maintained school governors’ understanding of how data should be utilised to inform discussions and decisions.
The DfE has added new materials to its Resource Management tools for governors and trustees. This article explores the details