Last reviewed on 3 November 2021
School types: Maintained · School phases: All
Ref: 4128

Maintained schools must complete the SFVS every year. Here's a rundown of what it covers, so you know what to expect.

What is the SFVS?

The Schools Financial Value Standard (SFVS) is a requirement for all maintained schools (including PRUs), who must submit it to their local authority (LA) every year.

It helps to provide your governing board with assurance that your school meets the standards necessary to achieve a good level of financial health and resource management.

It must be agreed by the full governing board and signed by the chair, and submitted before the end of the financial year (as per section 4.16 of the statutory guidance on schemes for financing schools) – but schools should check whether their LA has set a specific deadline

For the financial year 2021-22, you should submit your SFVS no later than 31 March 2022.

Summary of the SFVS sections

Introduction and outcomes – the chair of your governing board will need to sign this page Checklist – made up of 30 questions. You'll answer these to assure the LA