Bite-size guides to aid colleges in meeting new requirements following reclassification

In November 2022, the statutory FE sector in England was reclassified into the central government sector, meaning that colleges must now meet the overall requirements in HM Treasury’s, ‘Managing Public Money’, and some other related obligations. 

These bite-size guides have been produced to aid colleges in this transition, they cover:

• senior pay controls
• write-offs
• special payments
• indemnities, letters of comfort and guarantees
• asset disposals

A separate guide covering novel, contentious or repercussive (NCR) transactions is also available.

College staff are strongly encouraged to read these guides and must take any actions necessary resulting from the new arrangements.

Where approval for transactions is required from the Department for Education (DfE) under these new arrangements, colleges should be aware that in some cases DfE will need to liaise with HM Treasury to secure approval and should therefore allow sufficient time for these necessary processes.