Financial services: new to school finance

About this course

This course is aimed at delegates new to schools/settings, new to Hertfordshire or new to finance. This two-session course (delivered over two different days) will provide you with the key information that you need to effectively understand and oversee the finances in your school/setting. 

Session one will focus on:

• bank account(s)/schedule of financial delegation
• funding
• purchases
• salary costs
• financial transactions including Consistent Financial Reporting

Session two will focus on:

• key principles of budgeting
• changes in schools/settings that will impact the finances
• purpose of budget monitoring and medium-term financial planning
• financial calendar for a Hertfordshire maintained school
  

Learning Outcomes

• understand how the school receives funding and pays suppliers/staff
• understand how financial transactions are processed/reported at school level
• understand purchase to pay policy
• understand the key principles of budgeting
• understand why we budget monitor 
• understand reporting requirements of Hertfordshire maintained schools