School business management
Good financial management is becoming increasingly important in schools. This section offers resources for dedicated school business managers (SBMs) or other members of the senior leadership team taking on this responsibility.
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The principles of school finance
The principles and standards that support effective financial control and reporting in schools, including the Financial Management Standard in Schools and the roles of the governing body, headteacher and school business manager.
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Financial planning and budgeting
Issues to consider when preparing a school budget, including a suggested timetable for budget planning, preparation, monitoring and review.
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Strategic financial management and budgeting
Strategic financial management and budgeting requires considerable leadership and management skills to link educational objectives with the resources that support them.
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Financial monitoring, reporting and evaluation
The school business manager is responsible for producing regular financial monitoring reports, including year-end returns that fulfil the requirements of the consistent financial reporting framework.
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Evaluating financial resource management
Evaluating the allocation and use of financial resources is an essential part of effective school business management. This article explains different approaches to evaluation and introduces the concepts of best value, benchmarking and effective procurement.
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Procurement
An introduction to good practice in procurement, tendering and contracts in schools, and how to use these processes to obtain value for money.
Publications
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School business management competency framework
A guide to continuous professional development (CPD) for school business managers -
School Business Director Programme: digest of phase two assignments
The articles described in this digest are the product of the phase 2 assessment task completed by school business director participants; relating to the context of system-wide reform and the key concepts of system leadership.

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