Glossary of Commonly Used Financial Abbreviations & Terms

Glossary of Commonly Used Financial Abbreviations & Terms

This list is not exhaustive

 

   
ASD Autism Spectrum Disorder (SEN)
AST Advanced Skills Teacher
AWPU Age Weighted Pupil Unit
BACs Behaviour & Attendance Collaborative (s)
BMDC Bradford Metropolitan District Council
BSF Building Schools for the Future
CC Children’s Centre
CEL Central Expenditure Limit
CFR Consistent Financial Reporting
CIS Construction Industry Scheme
DfE Department for Education (formerly Department for Children, Schools and Families DCSF)
DSG Dedicated Schools Grant
DSP Designated Specialist Provision (SEN)
ECM Every Child Matters
EMAG Ethnic Minority Achievement Grant (Standards Fund)
EYWG The Early Years Working Group (sub group of the Schools Forum)
FBS Full Budget Share
FFWG The Formula Funding Working Group (sub group of the Schools Forum)
FMS6 Financial Management System v6 (SIMS)
FMSiS Financial Management Standard in Schools (withdrawn Nov 2010)
FSM Free School Meals
FTE Full Time Equivalent (pupils)
GB Governing Body
HCSS External Company that provides Budget Modelling Software for schools
ICS Infant Class Sizes
IEB Interim Education Board
IMD The Index of Multiple Deprivation
ISB Individual Schools Budget
IUB Intended Use of Balances
LA Local Authority
LGPS Local Government Pension Scheme
LSC Learning & Skills Council
LTFM Light Touch Financial Monitoring (scorecard)
MFG Minimum Funding Guarantee
MLD Moderate Learning Difficulty (SEN)
   
NGfL National Grid for Learning
NNI Neighbourhood Nursery Initiative
NOR Number on Roll
NQT Newly Qualified Teacher
PBS Part Budget Share
PD Physical Difficulty (SEN)
PMLD Profound & Multiple Learning Difficulties (SEN)
PRU Pupil Referral Unit
PTE Part Time Equivalent (pupils)
PTR Pupil Teacher Ratio
PVI Private, Voluntary, Independent Nursery Provider (non-maintained)
SAP The ledger software system used by Bradford Council
SDG School Development Grant (Standards Fund)
SDP School Development Plan
SDPs School Development Plans
SEBD Social Educational & Behavioural Difficulties (SEN)
Section 251 The documents detailing the school funding for the next financial year & summary of actual spend
SEN Special Educational Needs
SFPG School Financial Performance Group (sub group of the Schools Forum)
SFT School Funding Team
SFVS Schools Financial Value Standard (replacement for FMSiS)
SIMS Schools Information Management System
SLA Service Level Agreement
SLD Severe Learning Difficulty (SEN)
SSG School Standard Grant
SSG (P) School Standards Grant for Personalised Learning
TABS Extracts from the Council’s SAP ledger sent to schools monthly
TLR Teaching & Learning Responsibility
TMS Teachers Main Scale (Pay grades)
UPS Upper Pay Scale (for Teachers)
VAT Value Added Tax
VfM Value for Money

 

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Page owned by Andrew Redding, last updated on 27/06/2017. This page has been viewed 4,233 times.