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Supporting Schools Financial Management
SSFM is a programme led by the DfES in partnership with the Virtual Staff College (VSC) to:
- raise awareness of new school funding arrangements from 2006/07;
- communicate the benefits of a coherent approach to supporting schools and their budgets;
- raise awareness of local authority finance officers regarding the link between sound financial management and raising standards in schools;
- raise awareness of school improvement officers regarding key school resource management issues;
- communicate on hot issues and their implications for strategic planning; and
- launch the resource project website and online forum.
Financial Management Standard in Schools
The FMSiS website will be updated annually to include new or amended resource documents where appropriate.
The 2007 updates should be live before the end of April.
The FMSiS website has been developed by the DfES and IPF and is intended to help schools in evaluating the quality of their financial management and to aid in training staff to become better financial managers. Consequently, schools will be able to manage their resources more efficiently, leading to an increase in Value for Money.
As part of this process the Department will review the Standard itself and build in improved functionality where possible based on the feedback we have received from LAs and schools.
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