This section contains information for schools on effective financial management, including the new Schools Financial Value Standard (SFVS).
Schools Financial Value Standard
Schools Financial Value Standard (SFVS)
Information about the Schools Financial Value Standard (SFVS), available to schools to use from September 2011, and which replaces the Financial Management Standard in Schools (FMSiS).
General article 08 March 2012
Schools financial value standard (SFVS) FAQs
Frequently asked questions about the schools financial value standard.
FAQ 26 March 2012
SFVS - local authority assurance
Information for local authorities on proposed procedures for how SFVS will fit with local authority assurance arrangements. Part of this is including SFVS in the outturn statement in regard to DSG which is signed off by Chief Finance Officers (CFOs) each year.
General article 06 March 2012
Schools Financial Value Standard - support notes
This article includes support notes for each question of the SFVS, which governing bodies can use if they wish. The notes provide clarification of the questions, examples of good practice, and information on further support to assist schools in addressing specific issues.
General article 09 March 2012
