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School Finance

This section provides guidance to schools on finance regulations, school funding and effective financial management.   

Schools Financial Value Standard replaces the Financial Management Standard in Schools (FMSiS), which was withdrawn by the Secretary of State with effect from 15 November 2010.  The SFVS has been designed in conjunction with schools to assist them in managing their finances and to give assurance that they have secure financial management in place.  Governing bodies have formal responsibility for the financial management of their schools, and so the standard is primarily aimed at governors.

The standard consists of a series of questions and is a self assessment of the financial management in school.  It is aimed primarily at governors due to the body holding statutory responsibility for financial management in schools.

For more information, please visit:

Further information on school funding can be found from the Education Funding Agency website at:


Key documents

 Title  Date  Size
3/03/2017 1441k

Funding for Schools

 Title  Date  Size
3/03/2017 20k
3/03/2017 19k
3/03/2017 883k
3/03/2017 880k

Section 251 Budget Report 2016-17

 Title  Date  Size
6/03/2017 29k
6/03/2017 38k

Section 251 Budget Report 2015-16

 Title  Date  Size
29/05/2015 28k
29/05/2015 39k

Section 251 Budget Report 2014-15

 Title  Date  Size
7/03/2017 12k
7/03/2017 17k

Section 251 Budget Report 2013-14

 Title  Date  Size
20/01/2014 29k
20/01/2014 37k
20/01/2014 24k

Section 251 Outturn Report 2015-16

 Title  Date  Size
6/03/2017 42k
6/03/2017 41k

Section 251 Outturn Report 2014-15

 Title  Date  Size
3/03/2017 42k
3/03/2017 36k

Section 251 Outturn Report 2012-13

 Title  Date  Size
20/01/2014 36k
20/01/2014 60k
20/01/2014 115k