Financial Standard for Schools

Shanklea Primary Schools has completed the SFVS , the Financial standard for schools. This applies to governing bodies of maintained schools.

The SFVS has been designed with schools to help 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.

Local authority maintained schools are required to complete the SFVS once a year. Local authorities are required to fill out the dedicated schools grant (DSG) chief financial officer (CFO) assurance form every year to cover all the maintained schools in their area.