This unique package provides School Business Managers with all the resources they need to deliver training sessions to three key stakeholder groups – governors, senior leaders and budget holders – as well as the tools and confidence to lead whole school improvement in this vital area.
This package enables School Business Managers to train their governors, senior leaders and budget holders to:
Improve outcomes for pupils using the most effective procurement and deployment of resources
Make high-level strategic decisions that impact positively on whole-school outcomes
Achieve best value by using review and evaluation to assess whether planned actions are viable and cost-effective now and in the future
Focus funds on the school’s priorities by aligning the school’s budget with its improvement plan
Make successful departmental funding bids by understanding the whole-school budget context and process
Understand how budget decisions sit within the framework of sound financial management and how they impact on the bigger picture.
Summary of contents
Achieving Value for Money and Improved Outcomes contains 3 practical sessions with all the resources and advice needed to run them effectively. It offers complete guidance in selecting the key, relevant, information needed to ensure colleagues understand it in a consistent and whole-school context. This resource will enable all staff to:
Understand the impact of budget decisions
Align spending decisions with whole-school improvement plans
Get best value for goods and services
Improve outcomes for pupils with effective financial management
Training session 1 – Importance of strategic financial management for governors
Understand their role in the Schools Financial Value Standard (SFVS) and where to find out more
Understand the strategic picture of school budgets – especially where capital and revenue income come from and the main expenditure headlines
Understand the key link between the development plan and the budget and how to ask the right questions about the strategic financial plans
Consider the relevance of benchmarking in measuring their own school’s spending
Be aware of what best value involves, how to achieve and measure it, as well as its importance in ensuring the best possible outcomes.
Training session 2 – Whole-school strategic financial management for the senior leadership team and other senior leaders
Understand the Schools Financial Value Standard (SFVS) and SLT responsibilities
Understand the strategic picture of the whole-school budget and how the budget cycle works
Understand the key link between improvement plans and the budget and how improvement plan priorities need to drive the budget
Appreciate the importance of prioritising spending decisions to ensure the best outcomes for pupils
Know what Best Value involves and the importance of evaluating best value for school improvement priorities
Training session 3 – Understanding budgets for school budget holders
Have an overview of how the whole-school budget works.
Understand the rationale behind prioritising funding for key school improvement strategies and how this links to departmental budget bids.
Be able to read and interpret departmental monthly reports.
Understand how to put a departmental bid together.
Be aware of what best value involves and the importance of ensuring that spending decisions represent the optimum value for moneyns represent the optimum value for money.