Financial Management Standard in Schools (FMSiS)  

The Financial Management Standard in Schools (FMSiS) is a DCSF requirement that demonstrates a school is managed well financially.  In January 2007 the DCSF directed that the Standard was added to the Authorities Scheme for Financing Schools and it is now a legal requirement for all schools to meet the Standard. 

All Kent Schools are expected to meet the Standard by External Assessment by 31 March 2010. The Standard is valid for three years. The re-assessment of the Standard will establish that good financial management practices are being embedded.

Schools can access the DCSF Self Assessment Tool and Toolkit index with its resource and summary documents via the FMSiS website: www.fmsis.info 

  Introduction to FMSiS 

  Achieving FMSiS

  Training and Support for Schools

  Cost of External Assessment by Local Authority 

  Outcome of Assessment 

  Frequently Asked Questions (FAQs)

The Introduction to the Standard, Toolkit, Assessment Tool, templates and resources can be found on the FMSiS website: www.fmsis.info

Support and Guidance

Help and Guidance is available from the Financial Compliance Unit, who can be contacted via: Tel: 01227 284612  Fax: 01227 284435 Email: fmsis@kent.gov.uk 
 
Address: Clover House, John Wilson Business Park, Thanet Way, Whitstable, CT5 3QZ