Schools financial value standard
Explains the financial health and resource management standards schools need to confirm they have met in the schools financial value standard (SFVS).
- From:
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EducationDepartmentandforSkillsFundingAgencyEducation - Published
- 22 April 2024
- Last updated
- 8 November 2024 — See all updates
Applies to England
Documents
Schools financial value standard (SFVS) checklist
ODT, 23.223.8 KB
This file is in an OpenDocument format
Schools financial value standard (SFVS) additional resources
ODT, 46.2 KB
This file is in an OpenDocument format
Template for recording related party transactions
ODS, 5.32 KB
This file is in an OpenDocument format
Details
For the financial year 20232024 to 2024,2025, schools should submit their their SFVS checklist checklist to their local authority no later than 31 March 2024.2025.
Local-authority-maintained schools must submit the SFVS checklist to their local authority annually. This checklist helps to provide assurance that they are meeting the basic standards necessary to achieve a good level of financial health and resource management. Local authorities use this information to submit an assurance statement.
Academies should use the school resource management self-assessment checklist.
Updates to this page
Last updated 8 November 2024 + show all updates
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Updated Schools financial value standard (SFVS): checklist guidance and Schools financial value standard (SFVS) checklist with details for the current year.
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First published.