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Governor Training : Schools Finance - An Introduction to Finance

Venue
Microsoft Teams Webinar, n/a
venue
Admin Contact
Target Audience
No targets found
target audience
Course Types
Course
Course categories
Schools and Governors
Subject
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Course description

This course aims to provide new governors or governors new to school finance with an understanding of how schools are funded and the part the governing board plays in ensuring financial accountability.


 

Training objectives

One of the Governing Boards key strategic roles is to oversee the financial performance of the school and ensure money is well spent. Efficient use of resources, particularly in financially challenging times is key to your school’s success. It is important and in keeping with The competency framework for governors that all governors have an understanding of the financial framework schools operate in, the processes and procedures that should be in place, understand and have the skills to exercise their role regarding strong financial management. All governors should be able to understand and question financial information presented and understand the financial implications of plans and decisions.


In part 1 of this finance course aimed at all governors, we will cover the regulatory framework within which schools operate, the principles and operation of schools funding including changes due to the national funding formula, the processes and procedures you should expect to see in place to reduce financial risk in your school and the role of audit. We will also introduce the principles of strategic financial management and the tools available to aid this, the use of which will be developed in Schools Finance part 2.

Learning outcomes
By the end of the course it is anticipated that governors will have:


• An understanding of the Governor’s role in ensuring strong financial management in schools
• An overview of the funding and financial framework that schools operate within
• An understanding of how financial risks can be minimised
• An introduction to the strategic management of the schools finances

 

 
Additional Information
 
Target Audience: This course is for new Clerks and Governors in East Sussex Maintained schools and academies.
 
Refreshments: N/A
 
This is a core course.
 
IMPORTANT NOTE
This training will be delivered using Microsoft Teams.

Delegates' email addresses as registered on the portal will be provided to the trainer for the purpose of conducting this training only. Delegates should ensure that their work (not personal) email addresses are recorded - check and update as necessary through 'My Profile and Bookings/Change Contact Details'.

Joining Instructions: Full joining instructions, including links to access the training and MS Teams guidance, will be attached to your confirmation email as downloadable links. Please ensure that you read these prior to the course and keep them in a safe place.

Please check your spam/junk mail folders for expected emails not showing in your inbox, and take action to ensure these get delivered to your inbox in future. Please also ensure you block the time out in your calendar.
 
 
Enquiries
Start Date
Tuesday 28 September 2021
End Date
Tuesday 28 September 2021
Closing Date
Sunday 26 September 2021
Times
19:00 - 21:00
Maximum Places
25 
Cost
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Number of Sessions
1

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