Think at least 3 years ahead
Maintained schools
In addition to submitting your annual budget to your local authority (LA), you'll also need to submit a separate 3-year budget forecast (as explained in section 4.3 of the DfE's guidance on schemes for financing local authority maintained schools).
Check with your LA to find out:
- When you have to submit your annual budget. It should be between 1 May and 30 June, but your LA might expect to see a provisional plan earlier than this
- When you have to submit your 3-year budget forecast (this should also be between 1 May and 30 June)
You should also check and agree with your LA:
You also have to submit your Schools Financial Value Standard (SFVS), confirming that you have a well-informed and balanced 3-year budget (see question 9
