Schools Accounting Bursarial Service
The Schools Accounting Bursarial Service provides a flexible package, designed to meet the specific needs of your school. A bespoke service can also be considered.
Our specialist team of officers maintains an up-to-date knowledge of both DfE and Local Authority financial requirements and regulations. This enables the provision of detailed, high quality financial management reports, promotes effective management of resources, and reduces risk of budget deficits.

How can we help you?

  • Schools may buy into a level of support that is appropriate to their needs on a tiered basis. There are 2 main aspects of the service:
    • Financial Management
    • Financial Admin Support
  • Financial Management. Supporting schools in:
    • Three year salary forecasts
    • Three year budget build/ preparation
    • Termly detailed monitoring reports including tailor made dashboards (presented to the Finance Committee if required)
  • Financial Administration. On-site visits (maximum of 3 hours), to provide support for school finance staff. Including:
    • Completion of monthly finance tasks
    • Updating and maintaining finance data held on the school financial system
    • Financial year end closure of accounts
    • Completion of the school’s Consistent Financial Reporting (CFR) return
    • Periods of finance staff absence can also be covered
  • Consultancy/ad-hoc services. The Schools Accounting team are continuing to evolve new product lines which schools may wish to purchase on an ad-hoc basis. Examples include:
    • Introduction for new SAOs/ SBMs – half day session
    • Pre Audit – half day session

Costs

The service costs are currently being reviewed and will be confirmed by March 2020. Costs are offered on a tiered basis, to reflect the degree of support required, and therefore the price payable reflects this. Please contact our team using the details below, should you wish to discuss.

Financial Management


Level of Service

Financial Management

1 Star

Salary/budget setting and software support

2 Star

Salary/budget setting and software support

Two budget monitoring reports

3 star

Salary/budget setting and software support

Two budget monitoring reports

Budget build/preparation

One outturn summary


Financial Admin


Level of Service

Financial Management

1 Star

2 site visits

2 Star

6 site visits

3 star

12 site visits

Contact

Janet Davis
Principal Accountant - Schools
020 8921 8294
janet.davis@royalgreenwich.gov.uk