School Financial Value Standard: VIDEO

School Financial Value Standard (SFVS): VIDEO

Consultant: Steve BarkerDate posted: July 2015

The Education Funding Agency (EFA) updated the School Financial Value Standard (SFVS) in April this year. There are two new questions that have been added to the assessment form under Section A for the governing body and school staff, and these questions relate to decisions that governing bodies make on teachers’ pay and their use of professional advice in relation to Headteacher appraisal.  

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Related Party Transactions

The Department for Education, through the Education and Skills Funding Agency, has introduced new statutory requirements for academy trusts over related party transactions. These new requirements came into force on 1st April 2019 and apply to all new transactions from that date. It is essential that trustees are aware of these new requirements and seek assurances from their trust that it is fully compliant. To read this article in full, log into your |Better Governor account or simply register, for free, by clicking the orange button.

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