Monitoring school/trust finance: an overview
Financial oversight is one of the governing board's core functions. Get to grips with what your board's key responsibilities are, and learn what financial oversight means in practice, so you can monitor effectively.
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Contents
Overseeing the financial performance of your school is the governing board's third core function – if you're new to finance or want to brush up on what your role is, first take a look at our concise summary.
Once you understand the basics of the governing board's core functions, the article below provides a more detailed overview of how to monitor finance effectively for your school.
Your board's key financial responsibilities and obligations
As a governing board, your key financial responsibilities are to:
This is explained in
- Academy Trust Handbook: changes from September 2023
- Financial transparency: requirements for maintained schools
- How to interrogate a finance report
- How to monitor and scrutinise your school's education recovery plan
- How to monitor your LGBs' delegated financial responsibilities
- How to monitor your school's pupil premium report
- How to support your school through the cost-of-living crisis
- How to use financial benchmarking
- Monitoring school finance: an overview
- Pupil premium spending: report to governors
- Risk registers: summary and guidance
- School resource management self-assessment: summary and questions to ask
- Schools Financial Value Standard (SFVS): summary and questions to ask