Last reviewed on 13 January 2021
School types: All · School phases: All
Ref: 36677

Be clear on what to do before, during and after a finance committee meeting to make sure it runs smoothly.

You'll probably be clerking this meeting remotely. Get up to speed with how to do it effectively here.

You can create committees on GovernorHub to easily manage and track them, now included with your membership to The Key for School Governors.

Prepare for the meeting

Brush up on unfamiliar terms and documents

Finance can seem a bit like alphabet soup with so many acronyms and unusual phrases, e.g. 'virement' and the 'GAG'.

While you don't need to understand all the detail, you should know what key terms mean so you can interpret them correctly in your minutes. 

Download our handy glossary of financial terms to get up to speed. 

You should also know the purpose of any unfamiliar finance documents and how they support effective governance – this'll make it easier for you to keep up. Read our model role description to be clear what you're expected to know.