SCHOOLS. New Governors Finance Training- April 2011 By Christine Atkinson (Schools Management Accountant). Best Outcomes for our Pupils. Topics. How the Local Authority (LA) receives its money to fund schools How schools are funded by the LA
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New Governors Finance Training- April 2011
By Christine Atkinson (Schools Management Accountant)
Pupil numbers recorded on the January census (schools, pupil referral units, alternative provision, early years census for 3 and 4 year olds in Private, voluntary and independent (PVI) settings)
Increase of £598.56 was due to the mainstreaming of standard fund grants
(split £188m schools, £21m central services)
(formula funding manual on the schools intranet)
Covers every element of school spend. Ie staffing, premises, equipment and materials, income
Very detailed with every item of income and expenditure a school will incur.
The head teacher and professional staff are accountable to the Governing Body for the schools performance. The GB must be prepared to explain its decisions and actions. GB part of leadership and management of the school.
-3 year Budget plan
-Budget Adjustment Scenario calculator
-predicting the year end balance
-Monthly East Riding Financial Reports
Need to adopt (on the schools intranet)