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Setting budget surplus targets

Ref: 31761
Last updated on 14 February 2017
School types: All · School phases: All
In-depth article
How do schools set budget surplus targets? This article looks at the rules on surplus funds in maintained schools and academies. We also relay expert advice on considerations when setting targets for building reserves, and how these are shown in the school budget.

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Contents

  1. 1 Maintained schools: local authorities may set surplus limits
  2. 2 Academies: no limit on carrying forward surplus funds
  3. 3 Setting a budget surplus target: considerations
  4. 4 Showing a surplus in the school budget
  5. 5 Schools' approaches to financial reserves

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