Scheme for Financial Management of Schools Current order1 Introduction 2 Legal Framework Legislation Financial Regulations, Standing Orders and Contract Practice Notes Other guidance Rules for the revision of the scheme
3 Roles and Responsibilities 4 Budgets and Planning 5 Financial Controls and Tax Financial systems Consistent financial reporting Financial records Payroll requirements VAT Construction Industry Taxation Scheme
6 Audit Arrangements 7 Cheque Books and Bank Accounts (not Imprest) Cheque books Bank accounts
8 Provision of Services and Facilities by the County Council 9 Computer Security 10 Insurance 11 Other Financial Controls Write-offs Community subsidy Community management agreements Community facilities power Early years settings, before/after school clubs and holiday playschemes Children's Centres School companies Other wider activities Pecuniary interests Special Educational Needs (SEN) Assets Governors' expenses PFI/PPP Liability of governors Health and safety Delegation to new schools Whistleblowing Child protection
12 Borrowing and Investments 13 Financial Management Standards Financial Management Standard in Schools (FMSiS) Circumstances in which Notices of Concern may be issued Circumstances in which suspension of delegated management would be considered
14 Charges against School Budgets Circumstances in which a charge may be made Fees to be remitted to the General Teaching Council
15 School Income 16 Carry Forwards, Deficits and Balances Carry Forwards Deficits Balances
17 Maintenance of Buildings 18 Central Funds and Earmarking 19 Catering 20 Voluntary Aided Schools 21 Reporting Requirements Key requirements Financial returns - SAP
22 Unofficial Funds 23 Best Value/Value for Money 24 Application of the scheme to the community facilities power Introduction Relationship with existing community agreement Consultation with the county council Funding agreements with third parties Financial accounting and information Treatment of income and surpluses
25 Glossary 26 Who to Contact 27 Guidance Documents 28 Appendices Appendix A - Maintenance of School Buildings Appendix A1 -split of Responsibility for Repairs and Maintenance
A separate documentInformation Supporting the Scheme for Financial Management List of Appendices |
Scheme for Financial Management of Schools Revised order1 Introduction 2 Legal Framework Legislation Financial Regulations, Standing Orders and Contract Practice Notes Other guidance Rules for the revision of the scheme
3 Roles and Responsibilities 4 Budgets and Planning 5 Financial Controls and Tax Financial systems Consistent financial reporting Financial records Assets Payroll requirements VAT Construction Industry Taxation Scheme
6 Carry Forwards, Deficits and Balances Carry Forwards Deficits Balances
7 Cheque Books and Bank Accounts (not Imprest) Cheque books Bank accounts
8 Reporting Requirements Key requirements Financial returns - SAP
9 School Income 10 Audit Arrangements 11 Schools' Wider Involvement Community subsidy Community management agreements Community facilities power Early years settings, before/after school clubs and holiday playschemes Children's centres School companies Other wider activities
12 Other Financial Controls Pecuniary interests Governors' expenses Liability of governors Health and safety Whistleblowing Child protection
13 Aspects of Delegation PFI/PPP Delegation to new schools Special Educational Needs (SEN) Catering
14 Borrowing and Investments Borrowing Investments Leasing
15 Financial Management Standards Financial Management Standard in Schools (FMSiS) Circumstances in which Notices of Concern may be issued Circumstances in which suspension of delegated management would be considered
16 Charges against School Budgets Circumstances in which a charge may be made Fees to be remitted to the General Teaching Council
17 Computer Security 18 Provision of Services and Facilities by the County Council 19 Insurance 20 Maintenance of Buildings 21 Central Funds and Earmarking 22 Voluntary Aided Schools 23 Unofficial Funds 24 Best Value/Value for Money 25 Application of the scheme to the community facilities power Introduction Relationship with existing community agreement Consultation with the county council Funding agreements with third parties Financial accounting and information
26 Glossary 27 Who to Contact 28 Guidance Documents 29 Appendices Appendix A - Maintenance of School Buildings Appendix B - split of Responsibility for Repairs and Maintenance Appendix C - Accounting System Minimum Requirement Appendix D - Payroll Services - Submission of Returns to Hampshire County Council Appendix E - Insurance Requirements Appendices F and G are particularly relevant to Non-County Council systems (SAP) Users and Cheque Book Schools Appendix F - Financial Returns - Non - County Council systems (SAP) Users Appendix G - Timetable for submitting financial reports Appendix H - Assignment of school surplus balances
| 