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

A dedicated officer for each school can provide support during finance staff absences, ensuring the continuation of essential financial functions e.g. payment of invoices. We also present financial reports to the school finance committee and provide technical support for infrequent activities e.g. financial year closedown.

The Schools Accounting Bursarial Service will also provide access to an established network of key council staff including resources, deficit management officers and improvement partners.

How can we help you?

  • Financial management
    • Supporting schools in budget preparation and monitoring, including salary costings, budget build and the production of detailed monitoring reports
  • Financial administration
    • On-site visits 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 closedown and assistance with the completion of statutory financial returns
  • Multi-Year budget planning
    • Facilitating schools in the preparation of medium term budget plans across two to three financial years. These plans form the basis for deficit recovery planning or financial modelling
  • Consultancy/ad-hoc services
    • Schools not wishing to enter into an annual service level agreement (SLA) may buy in support during the year on a once-off/ad-hoc basis, for example at financial year end. Comprehensive SLA available on request

Costs

The service is offered on a tiered basis to reflect the degree of support required and therefore the price payable. Prices are based on the most common packages of support that schools generally buy into.

Financial management

1 budget monitoring report or salary costings
£880

2 budget monitoring reports and salary
costings
£2,050

3 Budget monitoring reports, salary costings and budget preparation and 1 outturn summary
£3,500

Financial admin

2 site visits £300
6 site visits £880
12 site visits £1,730

Consultancy / Ad-hoc support

Deficit Recovery Planning / Consultancy / Ad Hoc
£310 per day (pro rata)

Contact

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

Mala Dadlani
Finance Manager - Children's Services
020 8921 8292
mala.dadlani@royalgreenwich.gov.uk