The introduction of the Apprenticeship Levy has put some schools under even more financial pressure due to the additional costs that the levy imposes. Maintained schools in particular will be hit the hardest, as the local authority is deemed to be the employer...
The One Editorial finance blog brings you news and advice, written by sector experts.
One Editorial school finance blog brings you current knowledge and advice from our educational finance professionals. The school finance team aims to extend their knowledge and expertise to support and assist schools and academies with the ever changing situation of education funding, both locally and nationally.
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Preparation and completion of budget planning before submission to governors for discussion/approval will soon begin. Once preliminary closedown has been completed the carry forward figures can be entered to provide an accurate starting point to this process.
Following an announcement from Chancellor Philip Hammond that the budget will move to autumn in future years, the last spring Budget was also one of the shortest on record in terms of narrative and the number of proposals requiring inclusion into the Finance Bill.
There are many financial deadlines throughout the year which are important to schools. We have listed some of these dates below for your information, and will keep you up-to-date month by month with additional dates as we approach financial year end.