Effective financial management has never been as important in the education sector as it is now. Schools and Trusts are under pressure to provide governors with detailed information to ensure that their resources are being effectively utilised.
The Department of Education recently released a list of recommended checks for governors to scrutinise their Schools/Trusts financial health & efficiency. These checks aim to provide governors with a solid foundation so better informed decisions are made for the annual budget cycle and when formulating future improvement plans.
Recognising the sectors’ requirements, PS Financials worked closely with the DfE and our extensive network of Schools and Trusts to develop a reporting pack capable of gathering the recommended information for governors to effectively benchmark individual Schools across a Multi-Academy Trust.
With PS Financials, you can carry out the DfE recommended top checks for governors on demand, with the click of a button.
Let’s see what these checks involve:
– Staff pay as a percentage of total expenditure
– Spend per pupil for non-pay expenditure
– Average class sizes by key stage
– Teacher Contact Ratio
– Pupil to Teacher Ratio
– Average Teacher Cost
– List Contracts with Costs & Renewal Dates
– 3 to 5 Year Budget Projection
– School Improvement Plan Priorities and the Relative Cost of Options
To find out more about PS Financials and our governor specific reporting suite, please contact; firstname.lastname@example.org | 01733 367330