Monthly Archives: December 2012

Annal Nayyar bloggs on the s251 budget 2013-14 consultation

s251 budget 2013-14 consultation was issued on Wednesday 21 November and comments should reach the DfE  by Friday, 4 January 2013.It is likely that there will be further changes to the children’s section of the s251 budget collection . It is likely that there will be radical changes to children’s services section in 2014-15.

As part of the ongoing commitment to streamline the s251 budget collection process, we are looking to introduce an online data entry system for 2013-14. This will be similar to the recent s251 outturn collection and is possible due to the significantly reduced nature of the 2013-14 s251 budget requirements

Annal Nayyar and Fis-EdSolution’s have values that are Client Focused.

Fis-Edsolutions values are client driven and look to provide an expert and tailored service that meet your schools every finance need.

Value For Money
We appreciate finances are limited and endeavor to provide schools with Value For Money.  Through our regular meetings and testimonials we look for constant feedback to gauge the success of this aim. Our success can only be achieved with successful outcomes for the schools we support.

Continued Professional Development.
In order to provide the best service we can, we constantly look to develop our skills and remain ‘current’ so that our clients can always remain proactive and not reactive.

Communication
Communication and regular dialogue is paramount to us , so that the client always feels valued and receive a prompt and  reliable  response .

Annal Nayyar -Wins another Commission to produce Schools Financial Value Standard (SFVS) for Several Schools

Annal Nayyar and his team have secured this assignment across a number of Local Authority Schools. So what is SFVS and would you like some finance support? Please contact the team for a discussion.

What is the SFVS?

Schools manage many billions of pounds of public money each year.  Effective financial management ensures this money is spent wisely and properly, and allows schools to optimise their resources to provide high-quality teaching and learning and so raise standards and attainment for all their pupils.  The SFVS replaces the Financial Management Standard in Schools (FMSiS) and has been designed in conjunction with schools to assist them in managing their finances and to give assurance that they have secure financial management in place.

Who is the SFVS for?

The standard is a requirement for local authority maintained schools.  Other schools are welcome to use any of the material associated with the standard, if they would find it useful.   Governing bodies have formal responsibility for the financial management of their schools, and so the standard is primarily aimed at governors.  

Annal Nayyar and Fis-edsolutions look to review school finance policies for best practise.

Annal Nayyar and Fis-edsolutions have secured an assignment to review and provide ‘best practise’ across  school finance policies for compliance and controls. The commission also involves presentation at School Governors and thereafter regular annual review.

Policies Include:

Financial Responsibilities procedure
Business Integrity procedure
Finance & Premises Committee Terms of Reference
Finance Policy
Budgetary Planning & Control procedure
Capitalisation & Depreciation of Assets

 Disposal of Assets

Annal Nayyar updates on FRS17 Grant

Academies who submitted their completed Financial Reporting Standard pension valuation (FRS17) statements by the deadline will receive their FRS17 grant support payment in January 2013.

Autumn Statement: austerity until 2018

A localgov article stipulated that:-

Chancellor George Osborne’s Autumn Statement has confirmed the extension of austerity measures until 2018, squeezing local government into a longer period of financial retrenchment.

Osborne told a packed House of Commons: ‘It is a hard road and Britain is on the right track. Turning back now would be a disaster.’

The chancellor ruled out additional £17bn public spending cuts to meet the government’s debt target, despite weak economic growth. Osborne said the Coalition was on course to meeting its fiscal target – of having a better than 50% chance of eliminating the current structural deficit in five years’ time.

Local government is to be spared the 1% cutbacks facing unprotected central government departments in 2013/14, the chancellor announced. But Osborne said councils would be subject to the full 2% cash reductions sought from Whitehall departments in 2014/15.

Annal Nayyar’s financial service specialisms cover a multitude of school activities

•Management of School finance –both direct and mentoring
•Schools Finance Academy Status Conversion
•Free school bid submission and set up
•Governor Training
•Responsible Officer Provision
•Internal Audit Provision
•Strategic Support to Head teachers
•Budget Planning
•Closure of Accounts
•Bid Support
•Operational and Strategic support to schools

Specialties

•Management of School finance –both direct and mentoring
•Schools Finance Academy Status Conversion
•Free school bid submission and set up
•Governor Training
•Responsible Officer Provision
•Internal Audit Provision
•Strategic Support to Head teachers
•Budget Planning
•Closure of Accounts
•Bid Support
•Operational and Strategic support to schools

The financial services Annal Nayyar and Fis-edsolution’s provide include

•Management of School finance –both direct and mentoring
•Schools Finance Academy Status Conversion
•Free school bid submission and set up
•Governor Training
•Strategic Support to Head teachers
•Budget Planning
•Support Closure of Accounts
•Bid Support
•Operational and Strategic support to schools

Annal Nayyar bloggs detail on the DSG pupil Count 2013-14

The Dfe have published the basis behind the DSG pupil count – The pupil numbers used to determine the 2013-14 Schools Block allocations are given by:

From the October 2012 School Census:

All pupils in maintained nursery, primary and secondary schools, and academies which are going through recoupment at census date, in National Curriculum year groups R-11 aged 4 or above at 31st August 2012;

All pupils in maintained nursery, primary and secondary schools, and academies which are going through recoupment at census date, whose National Curriculum year group is missing or ‘X’ aged 4 to 15 at 31st August 2012.

plus

From the January 2012 Alternative Provision Census: all pupils in independent schools without a statement of SEN aged 4 to 15 at 31st August 2011.

plus

From the January 2012 School Census and October 2011 School Census: the increase (where applicable) in the number of National Curriculum year group R pupils aged 4 or above at 31st August 2011, in January 2012, compared to the October 2011 National Curriculum year group R figures, for maintained nursery and primary schools and academies which are going through recoupment at census date. This is the Reception Uplift; see below for more details.

minus

The number of funded places in SEN unit or Resourced provision in maintained nursery, primary and secondary schools, and academies which are going through

recoupment at census date. This information was provided by Local Authorities in August 2012.

The School Census provides data on pupils in every maintained nursery, primary, secondary and special school, including pupils in Academies going through recoupment in 2012-13. The count point for the October 2012 School Census is 4th October.

The Alternative Provision census captures pupils for whom an English local authority has a financial responsibility, and if not included on the AP Census, would not be picked up by other collections for DSG funding purposes. The count point for the January 2012 Alternative Provision census is 19th January.

 

Annal bloggs detail on the DSG 2013-14

The DfE  have  set out how allocations of the Dedicated Schools Grant (DSG) for 2013-2014 have been calculated.

2. The main arrangements for 2013-2014 are:

a. separate Schools Block, Early Years Block and High Needs Block;

b. cash flat per pupil funding for the Schools Block and the Early Years Block;

c. High Needs Block adjusted for the ending of inter-authority recoupment, the inclusion of post-16 funding and for growth in places;

d. Minimum Funding Guarantee (MFG) of minus 1.5%; and

e. transitional protection for local authorities in receipt of the three year old 90% funding floor.

3. A table setting out the 2013-2014 DSG allocations for each local authority is available on the Department’s website at: http://www.education.gov.uk/schools/adminandfinance/financialmanagement/schoolsrevenuefunding/a00218077/funding-settlement-2013-14