This section provides summary guidance to schools on finance regulations, school funding and effective financial management.  It also includes, as required by law, the most recent S251 Budget and Outturn reports for Cumbria County Council, which provide planned and actual spend on education and children and young peoples' services.  For more detailed guidance for schools, the School Portal Finance Section constitutes the main source of information for schools.  

As well as the School Portal, further information on school funding can be found from the Education Funding Agency website at: https://www.gov.uk/government/organisations/education-funding-agency.  This includes the agency's School Financial Health and Efficiency webpage at:  https://www.gov.uk/government/collections/schools-financial-health-and-efficiency 

Maintained schools are required to comply with the LA's Scheme for Financing Schools which includes the Financial Regulations for Schools.

On an annual basis, maintained schools must complete the Schools Financial Value Standard, submitting a copy to the LA Finance Team.  A copy of the required return can be found at: https://www.gov.uk/guidance/schools-financial-value-standard-and-assurance-sfvs with details on the specific requirements found in the School Portal Finance Section.


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