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 school:  

• 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 that impact the finances 
• purpose of budget monitoring and medium-term financial planning
• financial calendar for a Hertfordshire maintained school

Learning Outcomes

Delegates will be able to: 

• 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