Financial Regulations for Maintained Schools, School Contract Standing Orders and Scheme for Financing Schools

The documents below are the Authority's revised & re-issued documents, following the consultation, which was completed in October 2018. The provisions within the amended documents are effective from 1 January 2019. These documents were approved by Governance & Audit Committee on 29 November 2018.

The first document is a summary of the amendments, which schools are encouraged to read.

Summary of Amendments 1 January 2019

Financial Regulations for Maintained Schools

Schools Contract Standing Orders

Scheme for Financing Schools

Guide to Financial Procedures (refreshed September 2020)

The Guide to Financial Procedures is a key document for schools, which describes in full the requirements, the statutory framework and expected good practice, which accompanies the delegation of budgets to schools.

If you have an queries, please contact a member of the School Funding Team

DfE Financial Transparency Reforms

13.08.20 - New Transparency actions for school to take -  provided here is a model template / form of words for maintained schools to use to publish on their school’s website the required information relating to CFR and high salaries to be effective from 01/01/2021.

The DfE has completed its consultation on changes aimed at improving the transparency of financial arrangements in maintained schools.  

The outcomes of this consultation have now been published here: 

https://www.gov.uk/government/consultations/financial-transparency-of-la-maintained-schools-and-academy-trusts 

There are new actions for schools, please click here for an initial communication for schools published in July 2020.

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