Academy Trust Handbook: changes from September 2021The Academies Financial Handbook has been refreshed and renamed. There are no major changes, but you should still be familiar with what’s different in the new handbook. Use our summary to get up to speed.
Allocating departmental budgetsFind out about ways in which you can calculate curriculum department budgets, including by using a formula or by negotiation or bidding. You will also find case studies on methods used by teaching schools.
Benchmarking data: questions to generate discussion and analysisIs there a list of questions we can use to analyse our benchmarking data? One of our associate education experts has suggested a list of questions to help schools analyse benchmarking data, which we provide as a printable KeyDoc. We also relay information from the Department for Education.
Benchmarking staff salariesHow should schools benchmark staff salaries? We outline advice on benchmarking salaries from the unions ASCL and NAHT, the National Association of School Business Management, and one of our associate education experts. We also link to further articles from The Key on benchmarking.
Budget planning: how to and templatesGet to grips with your budget planning. Use our template 5-year budget plan spreadsheets to help you model a range of scenarios and then cost your chosen one in detail.
Calculating the cost of lessons and coursesHow can we calculate the cost of lessons and courses? Three of our associate education experts set out some variables schools should consider when costing lessons, as well as examples of methods to calculate these costs. We also look at working out the curriculum costs of a Key Stage.
Consistent financial reporting (CFR)Find out the purpose of the consistent financial reporting (CFR) framework for maintained schools and pupil referral units (PRUs), and how to use COLLECT to submit a data return. Plus, see changes for 2020-21.
Financial benchmarking: how-to guideSee how you can identify schools similar to yours and make comparisons using the financial benchmarking service from the DfE. You'll also understand the benefits and limitations of benchmarking, and see examples of how other schools use it.
How to calculate the cost of your whole-school SEN provisionKnow how to calculate staffing costs for your SEN provision so you can get a better estimate of how much money you're spending on your overall SEN provision. Download our tools to help you keep track of how much each intervention costs and whether it's providing value for money.
Presenting your budget to governors: templatesKeep your governors fully informed about your budget planning and decision making with our downloadable templates. You'll find a detailed budget planner, and a planning report that'll help you head off likely questions from governors.
School budget: expenditure on staffingWhat percentage of the budget should be spent on staffing? We relay advice from our associate experts on how much of the school budget should be spent on staff costs. We also answer some FAQs about budgeting for staff expenditure and point to financial benchmarking data.
School budget monitoring: questions to discussLearn about what you'll want to cover in your leadership budget monitoring meetings. Use our questions to help you spot any issues and get suggested next steps to help you keep costs down.