Welcome to the Schools Finance Team: Our role

The team offers support in all areas of school finance, including statutory and non-statutory financial support to help with the effective financial management in schools. The service provides support for schools across a range of management and administrative financial functions. The team's knowledge of schools' differing needs enables us to provide a bespoke tailored support service specific to the needs of the school, in an efficient and cost effective way. Statutory items (cost free) provided to maintained schools by the Schools Finance Team:

Administration of the delegated and devolved funding formulae.
Advising schools of budget shares and answering brief telephone queries regarding budget shares.
Administering and managing the Dedicated Schools Grant and its contingency funds.
Ensuring the Local Authority's financial database is up-to-date, including the processing of completed and accurate final returns from schools for incorporation into the LA's Annual Statement of Accounts.
Preparation of the Scheme for Financing Schools following consultation with schools and other stakeholders
Monitoring of schools budgets for LA purposes
Administration of Teachers Pension contribution payments