Why budget monitoring is important
The school budget:
- Drives school improvement by funding areas of development
- Links with your school’s asset management plan covering planned income and expenditure over a period of time
Budget monitoring makes sure that resources are:
- Used for their planned purposes
- Properly accounted for
- Reported to external bodies where necessary
What the monitoring meeting involves
Budget monitoring meetings between headteachers and school business managers (SBMs) are an opportunity to:
- Review whether you're spending in line with your projections
- Understand the school's current financial situation in more detail
- Identify current and potential problems
- Discuss steps to keep you on track
It's up to you how often you have these meetings – for example, every month or term.
Prepare the questions in advance
Share the meeting agenda with your
