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Support, monitoring and Fair Funding
Services for the Local Authority, under the Fair Funding
categories of school improvement and strategic management
are offered through:
- Support
advice
and guidance for schools causing concern and in
financial difficulty.
SFS
concentrate on early recognition of potential budget
problems and offers assistance to head teachers and
governors on ways to reduce expenditure and formulate
Local Authority agreed Deficit Repayment Plans. Such
support includes the production of future years
financial forecasts of income and expenditure patterns
based on a variety of scenarios, advice on costings for
staff restructuring, interpretation of the centrally
held contingency budgets to assist schools in financial
difficulty and attendance at governing body meetings to
present information and
discuss and advise on key
recommendations for reducing expenditure.
- Local Authority Monitoring Role
SFS
undertakes the Local Authority monitoring role on behalf
of the Strategic Director for Children’s Services and
the Director of Finance.
This monitoring role is an integral part of the finance
officer visits to those schools that purchase financial
services from SFS and it ensures that the Local
Authority’s statutory responsibilities in terms of
financial probity in schools is being fulfilled. For
those schools that do not purchase financial services
from the Local Authority the monitoring role is
undertaken by schools submitting compliance returns and
associated reports on a twice yearly basis to SFS, in
accordance with conditions laid down in the Fair Funding
Scheme of Delegation.
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