Schools Financial Services Newsletter - September 2018
We are now part of the Education People!
Schools Financial Services have joined The Education People from 1 September 2018. You will still get the same great support along with new products and services for your school.
You can still contact us, please find details below:
03000 415 415
All statutory infomation will still be found on KELSI but all of our services/news items will be found on The Education People website.
Renewal cards should now have been received in schools.
If a renewal card hasn’t been received by mid-September, schools must let us know in case the card has been lost in the post.
If any cards have been received after SFS have confirmed that RBS have cancelled that card, the school can just destroy the renewal card.
Back in July 2018, the School Teachers Pay Review body published recommendations for the September 2018 pay award.
At present, we have not received any further information on what the scale points will be or the grant that schools will receive.
Once these are confirmed, any Schools and Academies that are using the Budget Planning Software (BPS) will need to provide us with details of what they are applying from 1 September 2018.
We will send out details of what is required in order that the BPS can be updated accordingly.
All schools in the NatWest Corporate Scheme will be required to complete an Open Credit Facility form if they wish to withdraw cash from their account in a branch.
This form will be sent to all schools in the scheme asking them to complete and returned to NatWest if they want to do this.
The threshold for Free School Meals eligibility may not be clear to all parents making applications. Refer to www.kent.gov.uk for further details.
Any new applications for High Needs funding will need to be made asap to ensure that you receive the income as close to the start of September as possible. Remember to factor this into your monitoring if the application is successful.
Early Years headcount week commencing 10 September 2018
- Balance Control Mechanism
- Replacement Corporate Cards
- Open Credit Facility
- Teachers Pay Awards
- Procedure Note of the Week
- Key Dates
- Hints & Tips
Upcoming key dates for Autumn 2018
4 October 2018
- School Census Day
17 October 2018
- 6 Month monitoring submission
- Sports Funding Grant received
As you may be aware, Kent's Balance Control Mechanism (BCM) will change from March 2019.
The maximum allowable surplus is now as follows:
- 7.5% Secondary Schools
- 12% for Primary Schools, PRU's and Special Schools
Please ensure that this is considered in your 6 and 9 month monitoring. Further details can be found on KELSI.
- Definition of Capital Funding (82)
Places are still available on the Finance Information Groups on the following dates:
15 October - Maidstone
16 October - Hadlow
18 October - Ashford
19 October - Canterbury