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Financial transparency: requirements for maintained schools
Get up to speed with the changes to financial regulations for maintained schools to improve financial transparency. Find out what your school is required to do, so you can monitor compliance.
Contents
- Submit a 3-year budget forecast to your LA
- Record and declare related party transactions (RPTs)
- Submit a recovery plan to your LA if your deficit rises above 5%
- Publish the number of individuals earning over £100k, in £10k bandings, annually on your school's website
- Publish a link to the 'schools financial benchmarking' website on your school's website
Also in this topic: Financial monitoring & reporting
- Academy Trust Handbook: changes from September 2021
- How to interrogate a finance report
- How to monitor and scrutinise the coronavirus catch-up premium
- How to monitor your school's pupil premium report
- How to use financial benchmarking
- Monitoring school finance: an overview
- Pupil premium: ensuring value for money
- Pupil premium spending: report to governors
- Risk registers: summary and guidance
- Schools Financial Value Standard (SFVS): summary and questions to ask
- The third core function: overseeing financial performance
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