18 July 2019
By Leanne Parker

Schools Financial Services Newsletter - July 2019

ACADEMY CLOSEDOWN PACK

The FMS6 closedown pack for Academies has now been sent out to all Core Financial Support Package customers.

If you haven't received it, please contact the Help Desk on 03000 415 415.

ACADEMY 3 YEAR BUDGET DEADLINE

The deadline for academies to submit their 3 year plans to the ESFA is 30 July 2019.

This needs to submitted online via the following website:

https://www.gov.uk/guidance/academies-budget-forecast-return

CORPORATE CARDS

Any corporate cardholders who wish to speak to RBS about their card (e.g. transaction query), need to advise them that they have an "individually billed' account.

However, any requests for changes (e.g. purchase limits, merchant category blocking etc) will need to come via Schools Financial Services.

TEACHERS PAY GRANT

The ESFA have updated the supporting information regarding the calculation of the Teachers Pay grant for 16 to 19 students.

The methodology page has also been updated to provide payment dates for both Local Authorities and academies..

https://www.gov.uk/government/publications

ACADEMIES FINANCIAL HANDBOOK 2019

The ESFA have published the 2019 version of the Academies Financial Handbook.

The changes from the previous year are summarised on page 8, which includes the following requirements for academies from 1 September 2019:

  • Maintain a risk register
  • Submit an annual scrutiny report
  • Direct email address for all members and trustees

Any academies interested in having a risk register can use the version created by Schools Financial Services for Kent schools.

Search for "Risk Register" on KELSI to find it.

IN THIS ISSUE

  • Academy Closedown & Budget Setting
  • Teachers Pay Grant
  • Funding Update
  • Teachers Pension Grant
  • Academies Financial Handbook
  • Corporate Cards
  • Phishing Alert
  • Business Quick Deposit

TEACHERS PENSION GRANT

The methodology for the Teachers Pension Grant has been updated to provide further details on the supplementary grant.

Further details are expected to be provided at the end of October 2019.

FUNDING UPDATE

The Keys to Success pupil data for the 2019-20 Pupil Premium allocations is now available on the following site:

https://www.keytosuccess.education.gov.uk

The provisional funding allocations for the 2019-20 Universal Infant Free School Meals have also been published. This information and the conditions of the grant can be found on the following site:

https://www.gov.uk/government/publications

PHISHING ALERT

The ESFA sent a warning to schools regarding some recent sophisticated cyber attacks on education providers e-mail systems.

They suggest schools are alert to any e-mails that contain seemingly legitimate information and check the sender of an e-mail is genuine before sending any data (especially password or payment details).

View the ESFA update - dated 26 June 2019 for further information.

TRAINING CLUSTERS

As mentioned at the June Finance Information Groups, SFS will be offering group training to schools outside of our normal training programme.

Training will be available on Budget Monitoring from September and we will be offering this on other areas upon request.

For further details, please contact Sue Lindgren on 03000 415 415.

Remember if you want to know when the newsletter is available each month, subscribe via The Education People website.