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:
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.
SFS Training Courses
The Schools Financial Services training courses for Summer 2019 are now online.
Visit CPD online to book your place
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
- Fraudulent TV licensing e-mails are being sent to schools. Further guidance on how to be vigilant can be found at www.tvlicensing.co.uk/faqs/FAQ288
- The latest edition of the EdExec magazine has a good article on procurement. Visit www.edexec.co.uk/magazine
Follow @SFS_Kent on Twitter to be the first to know!
In this Issue
- Funding Webinar
- Capital Funding
- Key Dates
- Procedure Note of the Week
- Hints and Tips
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
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)
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