The schools finance team provides a range of financial guidance to Surrey maintained schools, monitors schools’ financial performance on behalf of the LA and facilitates their compliance with statutory financial reporting requirements,. Principal services include:
* providing the finance manual and associated financial management and accounting guidance (including budget plan and closure of accounts guidance);
* managing the process for monthly expenditure reporting by schools to the LA
* cash transfers to schools and local bank account reconciliations
* reviewing and approving school budget plans, monitoring schools in financial difficulties and providing initial advice to those schools.
The service also administers the sickness and maternity staff cover insurance schemes, which are open to all Surrey LA maintained schools.
Schools needing additional financial advice (eg on budget setting, financial systems setup or more effective use of resources) may purchase that advice from a range of providers. The schools finance team does not provide traded services.
Information on the funding of Surrey schools, including the statutory scheme for financing schools, can be found on the School funding and finance pages of the main Surrey County Council website.
