Information for school governors about their role overseeing the financial performance of the school and making sure money is well spent.
School governors and academy trust members and trustees have an important role in ensuring high standards of achievement for all children and young people in their school.
You do this by:
setting the school’s vision, ethos and strategic direction
holding the headteacher to account for the educational performance of the school and its pupils
overseeing the financial performance of the school, making sure its money is well spent
We know that good financial performance delivers better outcomes. School governors have a duty to oversee the financial performance of the school by asking the leadership team question such as:
how confident are you that school curriculum planning achieves the maximum benefit from funding for the pupils?
has the school reviewed the efficiency metric tool?
how can the school be more efficient with its funding?
Schools financial benchmarking service
The Department for Education has launched an improved schools financial benchmarking service following feedback from users. The service enables LA-maintained schools and academies to compare their performance data and spending levels with schools that share similar characteristics.
The benchmarking service will help governors and school leaders consider how they can use available resources to have maximum impact in supporting high-quality teaching and ensuring the best possible educational outcomes for their pupils.
You can also find out about schools and other organisations offering support with financial management and efficiency on the schools financial efficiency: sharing best practice page.
Questions, comments or suggestions
We’d like to hear from you if you have any questions, comments or suggestions about this page or any of the schools financial efficiency content. This includes how we can improve the content and what other materials you would find helpful. If you are an academy, local authority or post-16 provider, please use the ESFA enquiry form. Please include schools financial efficiency in the subject title.
For all other institutions, including maintained schools, please use the DfE enquiry form Please include schools financial efficiency in the subject title.