 |
Text Only Version :: Site Map :: Email Login :: Help :: Feedback :: Discussion Forums :: |
|
Text Only Version :: Site Map :: Email Login :: Help :: Feedback :: Discussion Forums :: |
 |
 |
 |
 |
Home | Intranet | A-Z Topics |eServices | Curriculum | Leadership | School Admin | School Web Sites | School Workforce | Research & Good Practice | | |
You are in: School Admin » School Office » School Funding Unit » Financial Management Standards in Schools |
 |
 |
||||||||||||||||||||||||||
Financial Management Standards in SchoolsThe detailed information regarding the Financial Management Standard in Schools can be found on the DCSF website at: Internal Audit have provided further guidance on the evidence they hope to see in school: Internal Audit Supplementary Guidance - June 2007
The Financial Services for Schools Team provides a range of training and consultancy support. Further details can be found at:
Potential FMSiS ShortcomingsInternal Audit recently provided the Schools' Forum with a summary of the principal reasons why schools have not met the DCSF Financial Management Standard in Schools (where this applies). The Schools' Forum requested that this information be made available to all schools and their governors, to assist them to achieve the FMSiS.
Documents Needed at an Internal Audit/FMSiS Assessment NewIn response to requests from schools we have listed the schedule of documents that is sent to each school once its internal audit / FMSiS assessment has been arranged. If this schedule is read in conjunction with the on-line DCSF FMSiS self-assessment tool, that all schools are required to complete (www.fmsis.info), then it should be apparent how particular documents should provide evidence of meeting particular FMSiS assessment criteria. Other documents listed are also needed by an auditor to test and evaluate various financial systems and procedures.
Guide for Clerk to the GovernorsA guide to the Financial Management Standard in Schools for the Clerk to the Governors
Guide to Minute Taking NewInternal Audit offers the attached guidance on taking minutes of governors' (and other) meetings in order to provide a record of the governors' general input to the school's financial management (in their role as 'critical friend') and to record the exercise of governors' scrutiny and approval of various key financial management decisions. This guidance has been endorsed by HCC's Governance Service.
Manual of Financial ProceduresThis manual is provided to assist schools to put in place written financial procedures where these currently do not exist or where these are incomplete. Where a school has existing financial procedures we recommend that these are reviewed against this model to identify whether there are any gaps in the existing procedures or whether they would benefit from any update or revision.
FMSiS Evidence GuideIt was agreed with the Hertfordshire Schools' Forum that a FMSiS guide would be produced, that provides examples of the documents, procedures and other forms of evidence that are required to demonstrate that a school meets the Financial Management Standard in Schools.
The Guide has been produced with the help of 14 Hertfordshire secondary schools and all the examples used are real. We will be updating the guidance and we hope to offer examples from primary, middle or special schools in due course. All secondary schools are subject to the FMSiS and all other schools, with the exception of nursery schools, will be by 31/3/2010 at the latest. We would like to thank the following secondary schools whose help made it possible for us to produce the guide:
|
|
|
|
 |
||||||||||
|
|
|||||||||
|
|
|||||||||
