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School Finance

 


 

link opens in a new window Introduction to FMSiS

                   

The purpose of the Standard

The purpose of the Standard is to give all stakeholders the assurance that Schools are managed well financially. This will ensure the best use of educational resources to achieve the best possible outcome for children.

 

What areas are assessed by the Standard?

 

The essential areas for achieving the Financial Management Standard in School focus on the following:

 

  • Leadership and Governance
  • People Management
  • Policy and Strategy
  • Partnerships and Resources
  • Processes

Who can assess a School External Assessment?

  Schools need to decide who they use to assess their school, with the decision being agreed by the School's Governing Body.

Kent schools have a choice of External Assessment provider, either the Local Authority (LA) or a DCSF approved national provider.

 


An overview of the KCC FMSiS process is shown via the following link:

 FMSiS process flowchart

Support and Guidance:

Support 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 

 | Published: 26-9-06  | TOP