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The tool helps assure governing bodies and trust boards that they are meeting the standards to achieve a good level of financial health and resource management.
It can be used to identify areas for change to make sure resources are used to support high-quality teaching and the best education outcomes for pupils.
The tool consists of a checklist and a dashboard.
The checklist asks questions of governing bodies and trust boards in 6 areas of resource management.
The dashboard shows how a school’s data compares to thresholds on a range of statistics that have been identified by the Department for Education as indicators of good resource management and outcomes.