Consistent Financial Reporting The Consistent
Financial Reporting framework developed by the DfES, Ofsted and
the Audit Commission is a standardised framework for recording
income, expenditure and balances. One of the main aims of CFR is
to promote consistency to enable schools to benchmark at a national
level.
All schools were required to submit CFR returns for the financial
year 2002/03 and this information is now available on the DfES
benchmarking website.
The website enables schools to view their CFR
data and make comparisons with similar schools. To enter the website
schools will required a user ID and password which are available
from the School Funding Unit by e-mailing sarah.moor@hertscc.gov.uk.
The DCSF Finance Pack for Schools has been updated for recent changes and version 5 can now be downloaded from:
Hertfordshire also produces management information for schools
which is drawn from a variety of sources including financial information
from schools’ Approved Budget Returns. Comparative bar charts
for 13 benchmark groups enables schools to make comparisons with
Hertfordshire schools of a similar size and structure. Schools’ individual
management information profiles are accessible from the:
HCC Coding Structure for the Consistent Financial
Reporting Framework
This chart provides schools with information linking account
codes to CFR reporting lines
|
