Finance Administrators and Bursars Group Liz Burden Jan Powley November 2012

Agenda – Morning Session Welcome and Introductions School Funding Reform School Contracts Audit SFVS FPS – LGP Employers Pension Increase Coffee Break Teachers2Parents-Update LMS Financial Services Survey Feedback Making Payments to Individuals Best Practice, Questions and Close

Agenda – Afternoon Session Welcome and Introductions Teachers2Parents-Update School Funding Reform LMS Financial Services Survey Feedback Making Payments to Individuals Coffee Break SFVS FPS – LGP Employers Pension Increase School Contracts Audit Best Practice, Questions and Close

SFVS Working days to 31 March 2013? Due to the Easter holidays the self-assessment signed by the Chair of Governors will need to be submitted by 28 March Schools should electronically submit their completed SFVS return to Who is going to complete the process in your school? DfE have made some changes to the SFVS main web page and updated the FAQs

FPS – LGP Employers Pension Increase Increase in Employer’s Pensions Contributions for the Local Government Pensions Scheme with effect from 1 April 2013 Produce a budget scenario with the 21.1% increase to identify what the impact it will have on the budget Notify governors of the impact this will have on the budget, as this will have an effect on any future decision making

LMS Financial Services Survey Feedback

Making Payments to Individuals Before engaging someone complete employment status questionnaire If indicates employed pay centrally through payroll and attach a copy of the employment status questionnaire If indicates self employed, the person you are engaging will need to complete self-employment questionnaire Go onto the HMRC website using the self- employment questionnaire to complete the HMRC self employment indicator tool, print out the last page with the results

Making Payments to Individuals If indicator states that the individual is self employed, the invoice is alright for the school to pay. Keep evidence of self employment status attached to invoice If indicator says the individual is an employee pay centrally through payroll, attach copies of two questionnaires and the HMRC results to the invoice If indicator provides an inconclusive result a number will be provided for schools to contact for more clarification

Best Practice & Guidance Autumn Term Recompense up to and including 31 December – by 18 January Timesheets – please code correctly before sending to payroll Updated Finance Manual on the grid – together with a list of changes Other updated documents – Finance Regulations, Purchase Card Scheme and Procurement Checklist

Best Practice & Guidance School Lettings Policy No longer required to provide information on floor area changes and free school meals due to changes in the factors that will be used to calculate formula funding Unreconciled bank items from previous years

Best Practice & Guidance Password security – ICO Survey Benchmarking – The data for financial year is now available on the DfE website Benchmarking website, Next FABGs meeting is Monday 18 March at LLRC