Last reviewed on 18 September 2023
School types: All · School phases: All
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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.

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