This article is aimed at trustees.
If you're on a local governing body (LGB) it's unlikely you'll be involved here, but do double check your trust's scheme of delegation to see what financial responsibilities you have.
What is the school resource management self-assessment?
The school resource management self-assessment is a requirement for all academy trusts, who must submit it annually.
It includes a checklist made up of 46 questions. Trusts answer these to assure the government that resources are managed effectively.
The questions cover 6 sections:
- Governance
- Trust financial strategy
- Setting the annual budget
- Staffing
- Value for money
- Protecting the public purse
The dashboard is available in the financial benchmarking and insights tool. This shows how your trust's expenditure, characteristics and outcomes compare with those of similar schools through RAG (red, amber, green) ratings, and will help your trust leaders fill in the checklist.
Check you have appropriate financial management and governance arrangements Check you're meeting the right standards