7 February 2019
By Nick Lockyer-Fincken

Schools Financial Services Newsletter - February 2019

It's almost closedown time again!

The 2018/19 closedown packs for Kent schools were sent out on 29 January 2019.  Please note the following changes to previous years:

Any bank statements required, as part of the 2018/19 closedown process, for Kent Schools in the NatWest corporate scheme will be e-mailed out w/c 18 March 2019.

Make sure you have provided us with the correct e-mail address for the finance contact at your school.

Any schools not in the corporate scheme or who have access to NatWest Bankline will not receive a separate closedown bank statement.

Closedown forms will be available on KELSI and also in the Help & User Guidance section for BPS users at the time.

Finance Information Groups

The agenda for the March 2019 Finance Information Groups is now available via:

www.theeducationpeople.org

Note:  the funding update will not be provided at the budget setting courses as per previous years

SFS Training Vacancy

Schools Financial Services are currently advertising for a KR9 Senior Training Officer Post on the kent.gov.uk website.

The job reference number is 19000381 and has a closing date of 18 February 2019 at midnight.

There is a job description and person specification attached to the advert which can be viewed via the following link.

KR9 SFS Training Officer

SFS Training Courses

The Schools Financial Services training courses for Summer 2019 are now online.

Visit CPD online to book your place

Capital Funding

The additional capital funding due to Kent and Medway Schools as well as academies will be paid before the end of February.

There are tables on the DfE website which show each schools allocation.

Visit www.gov.uk and search for additional capital funding.

Hints & Tips

Follow @SFS_Kent on Twitter to be the first to know!

In this Issue

  • Closedown
  • Funding Webinar
  • Capital Funding
  • Key Dates
  • Procedure Note of the Week
  • Hints and Tips

Key Dates

Upcoming key dates for Spring 2019

08 February 2019 - 2019/20 Budget Setting Checklist

01 March 2019 - Early Returns Deadline

08 March 2019 - BPS Next Year Menu

25 March 2019 - Closedown Year End Returns

31 March 2019 - SFVS

Funding Webinar

In addition to the Finance Information Groups (FIGs) in March, the funding update for 2019/20 will also be available online.

Book your place on the webinar taking place on Tuesday 19 March 2019 at 10am via CPD Online.

A recording will also be available on The Education People website after this date for anyone who missed the webinar or the FIGs.

Procedure Note of the Week

  • Edit Year End Creditor Ledger Code (50)
  • Year End income prepayments (69)
  • Year End expenditure prepayments (70)

Teachers Pension

Don't forget the consultation regarding the proposed increase to teachers pension scheme employer contributions closes on 12 February 2019.

Updates on this will follow in future newsletters once more information is available.

Post Office Banking

Schools that use the Post Office for their banking should not contact the NatWest Corporate Service Centre to order stationery items.

Instead schools should order/collect these directly from the Post Office who have a stock of these items for their use.

Remember if you want to know when the Newsletter is available each month, subscribe via www.theeducationpeople.org