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?

  • 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
    • IDACI Analysis – £150 set rate

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