Finance Focus May 2024

2nd May, 2024

The EducationFinance team bring you the first Finance Focus of the new financial year. In this bumper edition there are a number of important updates including changes to the CFR structure made by the DfE, an update on Benchmarking from the DfE, along with information (again from the DfE!) about monitoring PE and Sport premium.

Also included are details of changes to the Staff Monitoring report produced from Star Accounts, changes to staff codes, and an update on the recent increase to Teacher’s pension costs.

Finally, a reminder about the new admin fee being charged to schools that hold purchasing cards, information on revenue and capital balances, confirmation of the recent update to the NCC VAT manual, and a round up of news from the Training Team.

May 2024 - FINANCE FOCUS - brought to you by the EducationFinance Team (cloud.microsoft)