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Purchases: reviewing value for money
How can a school review a purchase to evaluate its value for money? We worked with 2 of our associate education experts to create a downloadable KeyDoc template of a proforma for reviewing purchases. We also relay their advice, including how this relates to the school improvement plan.
Contents
- KeyDoc template
- Advice: best value process
- Achieving value for money
- 3-year budget plans: guidance on forward projection
- Academies: running a deficit budget
- Achieving efficiency in the staffing budget
- Allocating departmental budgets
- Benchmarking data: questions to generate discussion and analysis
- Benchmarking spending
- Benchmarking staff salaries
- Budget reporting and monitoring systems
- Calculating the cost of lessons and courses
- Consistent financial reporting (CFR)
- Costing whole-school SEN provision
- Early closedown of a year’s accounts (maintained)
- Employer contributions to the Teachers' Pension Scheme
- Finance glossary
- Showcase: Financial efficiency in a medium-size primary school
- Financial procedures manuals
- Informing staff about a deficit budget
- QuickRead: Managing the school budget
- Maximising financial efficiency: advice and case studies
- Paying for refreshments out of the school budget
- Presenting the budget to governors
- Request form for curriculum funds: template and guidance
- School budget: effective monitoring meetings
- School budget: expenditure on staffing
- School hardship funds: guidance
- Schools Financial Value Standard (SFVS): summary
- Using Integrated Curriculum Financial Planning to maximise your resources
- Using school funds to buy gifts for staff
- Using the school budget for overseas recruitment
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