The financial framework for maintained schools is set from three sources. These are:
The national Financial Management Standard in Schools (FMSiS) set by the Department for Children, Schools and Families (DCSF)
Barnet’s Scheme for Financing Schools sets out the financial relationship between the authority and the maintained schools which it funds. It contains requirements relating to financial management and associated issues, binding on both the Authority and on schools.
The local Financial Guide for Schools aims to supplement the requirement of the Scheme and the national Standard to provide
Details of Barnet specific procedures and forms
Technical details e.g. taxation
Details of items not available elsewhere
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