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Budget planning: how to and templates
Get 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.
Contents
Coronavirus: follow your usual budget planning process
Coronavirus is likely to have affected your school's finances in the form of:
- Increased cleaning fees and cost of buying personal protective equipment (PPE)
- Increased IT costs (e.g. extra laptops for pupils learning remotely)
- Decreased income from renting out your school premises
- Decreased income due to cancelled or postponed fundraising events
Regardless of these changes, your budget planning process should remain the same as before the pandemic. This is because:
- You can expect to continue operating at your projected capacity in terms of pupil and staff numbers
- Staffing costs (your biggest expenditure) is unlikely to be greatly affected, as your projected staffing costs should remain about the same regardless of whether pupils and staff are in school or working remotely (though you may need to meet additional costs to cover staff absences - see more here)
- Your budget funding from the government won't be affected by coronavirus
Maintained schools – you need
- Schools Financial Value Standard (SFVS): summary
- Budget management: annual to-do list and guidance
- Funds and freebies: monthly highlights Updated
- School improvement plan: template, checklist and monitoring guidance
- Allocating departmental budgets
- National funding formula: a summary
- Coronavirus: additional funding for your school
- Academy Trust Handbook: changes from September 2021
- Allocating departmental budgets
- Benchmarking data: questions to generate discussion and analysis
- Benchmarking staff salaries
- Calculating the cost of lessons and courses
- Consistent financial reporting (CFR)
- Financial benchmarking: how-to guide
- Financial procedures manuals: examples
- Financial transparency: requirements for maintained schools
- How 3 schools achieved efficiency in their staffing budgets
- How to calculate the cost of your whole-school SEN provision
- Integrated curriculum and financial planning (ICFP): checklist and guidance
- Paying for refreshments out of the school budget
- Presenting your budget to governors: templates
- Request form for curriculum funds: template and guidance
- School budget: expenditure on staffing
- School budget monitoring: questions to discuss
- Schools Financial Value Standard (SFVS): summary
- Teachers' pension grant: what you need to know
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