Schools Finance Team
Services Provided
Service Level Entitlement
• Offer advice and guidance on procedures, financial regulations and good financial management
• Communication and provision of advice on new DCSF initiatives
• Advice on the application of Consistent Financial Reporting (CFR)
• Calculate and delegate funding & grants to schools such as Individual School Budgets, Standards Fund grants, School Standards grant and Threshold grant
• Completion of Section 52 budget and outturn statements
• Development of Schools Financing Scheme and Rotherham's Funding Formula for Schools
Service Level Agreement (Bought Back Services)
• Completion of CFR (Consistent Financial Reporting) return to DCSF
• Offer visits and services on a buy back basis to cover areas such as setting the school budget, budget monitoring, support with day to day finance issues
• Provide schools with budget setting, budget monitoring and staffing projection tools as well as monthly cumulative pivot table report
• Offer training to schools on areas of finance such as SIMS FMS (Financial Management system used in some schools), CedAr (LA General Ledger system), Bank Account, Budget Setting and How Schools are Funded
Provision of post internal audit advice
• Assistance with the completion of the financial aspect of the Self-evaluation form (S.E.F) in preparation of OFSTED visits
• Advice and guidance on the completion of the Financial Management Standard in Schools (FMSiS)
• External Audit of the Financial Management Standard in Schools (FMSiS)
• Assistance with the recruitment of finance staff
• Offer dedicated Schools Finance Helpdesk covered from Monday to Friday
• School Fund Audits
Financial Information and Support Team
• Offer advice and guidance on procedures, financial regulations to non school budget holders and Children & Young People Services External Funding Team
• Preparation of Revenue & Grant service budgets
• Budget monitoring for programme area including maintenance of suspense accounts and journal transfers
• Monitor the effective use of revenue and grant funding in accordance with local authority financial regulations and grant regulations
• Provision of Financial Management & Systems training to Budget Managers, Holder & Operators
• Coordination of the programme for the closure of the annual accounts for the directorate
• Development & maintenance of an effective coding structure for the Directorate
Offer services to:
• Resources & Access
• Performance Information & Planning
• Inclusion, Voice & Influence
• Children's Social Care
• Safeguarding
• Learning
• Youth Offending Service
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