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).

Applies to England


Schools financial value standard (SFVS) checklist

Template for recording related party transactions


For the financial year 2023 to 2024, schools should submit their SFVS checklist to their local authority no later than 31 March 2024.

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

Published 22 April 2024

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