Guidance

Schools financial value standard (SFVS)

The standard for 2019 to 2020 helps schools and local authorities meet basic standards for good financial health and resource management.

Documents

2018 to 2019 assessment form

This file is in an OpenDocument format

2018 to 2019 support notes

This file is in an OpenDocument format

2018 to 2019 additional resources

This file is in an OpenDocument format

2019 to 2020 schools financial value standard

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Details

Local authority maintained schools must submit the SFVS annually to their local authority. Local authorities use this information to inform their programme of financial assessment and audit.

Academies should use the school resource management self-assessment tool.

Send feedback on the tool and guidance to school.resourcemanagement@education.gov.uk.

If you’d like to receive occasional updates from the DfE on topics and products related to school resource management, sign up to our schools business professionals contact list.

Schools financial standard 2019 to 2020

The standard for 2019 to 2020 consists of a checklist and a dashboard.

The checklist asks questions of governing bodies in 6 areas of resource management. It provides clarification for each question, examples of good practice, and details of further support available to assist schools in addressing specific issues.

The dashboard shows how a school’s data compares to thresholds on a range of statistics identified by the Department for Education (DfE) as indicators of good resource management and outcomes. It provides explanations of each of the indicators and helps schools to fill in their data and understand the results.

Published 28 February 2019
Last updated 10 September 2019 + show all updates
  1. Added minor clarifications to our recommendations on how often governors should receive monitoring reports in the 2019 to 2020 checklist guidance.
  2. Updated the schools financial standard to the 2019 to 2020 version.
  3. Updated section 20 and 21 of the '2019 to 2020 checklist guidance' and the '2019 to 2020 schools financial value standard'.
  4. First published.