Accessibility
Contact
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Mail :
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Schools Accountancy Team Dept. for Corporate Resources Ground Floor Windsor House Plymouth PL1 2AA |
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Phone :
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01752 307125 |
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Email :
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schools.finance@plymouth.gov.uk |
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Fax :
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01752 307375 |
Links
- Department for Education (DfE)
- Plymouth Children and Young People's Trust
- We are not responsible for the content of linked websites. Visit our disclaimer page for more information.
Schools Financial Value Standard (SFVS)
The Schools Financial Value Standard (SFVS) replaces the Financial Management Standard in Schools (FMSiS), which was withdrawn by the Secretary of State with effect from 15 November 2010. The SFVS has been designed in conjunction with schools to help them in managing their finances and to give assurance that they have secure financial management in place. Governing bodies have formal responsibility for the financial management of their schools, and so the standard is primarily aimed at governors.
Maintained schools are required to complete the SFVS once a year. Those schools which never attained FMSiS, or whose assessment is over three years old will be expected to complete and submit the SFVS to their local authority by 31 March 2012. For all other maintained schools, the first run through is required by March 2013. An annual review is required after that.
Documents
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SFVS - blank form - Blank SFVS self assessment form for schools to complete. File format Microsoft Word (doc) - 76KB |
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SFVS - good practice - SFVS form with good practice information. File format Microsoft Word (doc) - 177KB |
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SFVS - model answers - SFVS with model answers. File format Microsoft Word (doc) -1MB |
