The core aim is to help schools with their financial management and to enable them to use their resources to best effect, given the current national and local agendas in raising achievement.
We can help your school to:
- Maintain accurate and up-to-date financial records
- Provide statutory returns and meet annual requirements
- Comply with regulations set out by Oxfordshire County Council
What does the service offer?
- Qualified and experienced Finance Officers, based in Oxfordshire.
- Dedicated named Finance Officer
- Advice and support for your operational and strategic financial management with support also given on compliance including budget planning, statutory regulations compliance, financial modelling and forecasting and sensitivity analysis
Helpline:
- “How to” support for SAP finance applications
- First line finance query handling
- Hints and tips update
- Management of Schools Finance Help and intranet guidance
- Central email account contact
- Improved information on usage and key/frequently asked questions
Training and events / information and additional advice:
- Network meetings in local area
- Additional help notes and training manuals
- Financial Planning Software (FPS) support for financial monitoring and reporting
- On-site visits from Oxfordshire based finance staff
Budget planner
- A web–based multi year budget planner
- Annual rollover of data to avoid input from scratch
- Upload/download of data for maximum flexibility in monitoring at minimum input
Budget setting:
- Budget surgery face to face session or remote support
- Advice on producing a balanced budget
- Development and maintenance of budget planning tool
Budget monitoring:
- Budget monitoring visits
- Review of budget monitoring
- Payroll review
Further finance services also included
- School Finance Officer inductions
- Headteacher Finance inductions
- Closedown guidance
- Finance “how to” help desk queries
- Support with school finance staff recruitment process
- Up to 12 hours free bursar service to cover emergency absence
Targeted and preventative support (identified schools):
- Strategic challenge, support and advice
- Action planning
Academy conversion:
- Pre decision support and advice
- Support on the financial aspects of the academy conversion process
Key benefits to the school
- Dedicated finance officer, based in Oxfordshire, who understands and responds to individual school’s needs
- Easy access to finance team access via email and telephone.
- Focused approach for schools that need extra support
- Supports schools in fulfilling their statutory obligations and facilitate good practice
Pricings
Charges reflect full amount payable for 12 month period from 1 April 2017 to 31 March 2018
This service will be provided by arrangement with Hampshire County Council
| School type | Pupil numbers | Price |
|---|---|---|
| Primary |
Up to 50
|
£1,627.00
|
| Primary | 51-150 | £2,037.00 |
| Primary | 151-300 | £2,928.00 |
| Primary | 301 - 1000 | £3,464.00 |
| Secondary | - | £5,098.00 |