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 Units

BACs

Behaviour and Attendance Collaborative (s)

BIP

Behaviour Improvement Programme

BSF

Building Schools for the Future

CBMDC

City of Bradford Metropolitan District Council

CC

Children’s Centre

CE / CofE

Church of England

CFR

Consistent Financial Reporting

CIPFA

Chartered Institute of Public Finance and Accountancy

CIS

Construction Industry Scheme

CPD

Continuing Professional Development

DBS

Disclosure and Barring Service  (formerly CRB – Criminal Records Bureau)

DFC

Devolved Formula Capital

DfE

Department for Education

DSG

Dedicated Schools Grant

DSP

Designated Specialist Provision (SEN)

EAL

English as an Additional Language

EFSA

Education and Skills Funding Agency

EYWG

Early Years Working Group

FBS

Full Budget Share

FFWG

Formula Funding Working Group

FMS6

Financial Management System version 6 (SIMS)

FOIA

Freedom of Information Act

FSM

Free School Meals

FTE

Full Time Equivalent

GB

Governing Body

H&S

Health and Safety

HCSS

External company that provides Budget Modelling Software for schools

HMRC

Her Majesty’s Revenue & Customs, incorporating Inland Revenue

HR

Human Resources

HLTA

Higher Level Teaching Assistant

ICS

Infant Class Size

ICT

Information and Communications Technology

IEB

Interim Education Board

IMD

Index of Multiple Deprivation

INSET

In-Service Education of Teachers

ISB

Individual School Budget

IT

Information Technology

ITT

Initial Teacher Training

IUB

Intended Use of Balances

KS1-KS4

Key Stage 1 to Key Stage 4

KSWPU

Key Stage Weighted Pupil Unit

L1-L43

Leadership Group spine (School Teachers’ Pay & Conditions)

LA

Local Authority

LGPS

Local Government Pension Scheme

LSA

Learning Support Assistant

LTFM

Light Touch Financial Monitoring (Scorecard)

M1-M6

Main pay scale for qualified classroom teachers

MFG

Minimum Funding Guarantee

MLD

Moderate Learning Difficulty (SEN)

NFF

National Funding Formula

NNI

Neighbourhood Nursery Initiative

NOR

Numbers On Roll

NQT

Newly Qualified Teacher

Ofsted

Office for Standards in Education

PAN

Published Admission Number

PBS

Part Budget Share

PD

Physical Difficulty (SEN)

PMLD

Profound and Multiple Learning Difficulty (SEN)

PRU

Pupil Referral Unit

PTA

Parent / Teacher Association

PTE

Part Time Equivalent (pupils)

PTR

Pupil Teacher Ratio

PVI

Private, Voluntary, Independent Nursery Provider (non-maintained)

QTS

Qualified Teacher Status

RC

Roman Catholic

RFO

Responsible Financial Officer

RSC

Regional Schools Commissioner

SACRE

Standing Advisory Council on Religious Education

SAP

Ledger software system used by Bradford Council

SBM

School Business Manager

SCITT

School Centred Initial Teacher Training

SCP

Spinal Column Point, point on salary scale

SDP

School Development Plan (essentially the same as SIP)

SEBD

Social Educational and Behavioural Difficulties (SEN)

Section 251

School funding for the next financial year and summary of spend

SEN

Special Educational Needs

SFPG

School Financial Performance Group (sub-group of the School’s Forum)

SFT

School Funding Team

SFVS

School Financial Value Statement

SIMS

Schools Information Management System

SIP

School Improvement Plan (essentially the same as SDP)

SLA

Service Level Agreement

SLD

Severe Learning Difficulty (SEN)

TA

Teaching Assistant

TABS

Reports extracted monthly from the Council’s SAP ledger system for schools

TLR

Teaching and Learning Responsibility

TMS

Teacher Main Scale (pay grades)

UPS

Upper Pay Scale (for teachers)

UQT

Unqualified Teacher: also their pay scale

VA

Voluntary Aided

VAT

Value Added Tax

VC

Voluntary Controlled

VfM

Value for money

WYPS

West Yorkshire Pension Scheme

 

 

 

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Page owned by Andrew Redding, last updated on 29/08/2017. This page has been viewed 4,547 times.