1. Schools Financial Services Update October 2013 Finance Information Groups

2. Training Schools Financial Services provide a comprehensive training programme Leaflets provided Training is still free to Kent maintained schools

3. Reminders Dates for your diaries 6 month returns - 18 th October 9 month returns – 17 th January Closedown – 11 th April 2014

4. Reminders We have moved!!! Room 3.23 Sessions House County Road Maidstone Kent ME14 1XQ

5. Balance Control Mechanism Principal remains the same – current budget share should be spent on current pupils Previously the FPT worked out the BCM for you from April and the amount remained the same Now the budget can change eg Place Plus so BCM may change

6. Balance Control Mechanism New form to complete for all schools Will be included in 9 month returns Enter Y/E forecast for I01,I02.I03.I05 and I18 Enter Y/E forecast for expenditure Enter any unspent collaborative funding

7. Balance Control Mechanism Will calculate whether you are under/over Complete request to exceed limit if applicable Must send in supporting evidence Capital projects – GB minutes, AEO approval, School Development Plan

8. Redundancy Payments Kent County Council approval to meet the cost of redundancies will only be given where the redundancies are necessary due to budget constraints. This was agreed by the Schools Funding Forum `

9. Redundancy Payments The Headteacher should ring or email Schools Financial Services for a redundancy application Headteacher Briefings – will be discussed

10. Compliance List of Documents Governing Body minutes Agenda Signed minutes Attachments eg signed 3 year plan

11. Corporate Cards SFS will contact all schools by email from Monday 21 st October Confirm details of all cardholders Need cardholders to re-sign their responsibilities

12. Corporate Cards No longer require barring (except cash) – will be asked to confirm in writing All further amendments will then be in writing

13. KELSI Kent Education Learning and Skills Gradually replacing Kent Trust Web Will be duplicated for a while Links to Edukent website for information included in Core Financial Support package

15. Final Reminder Please complete the questionnaire It is really important we get feedback to continually improve our services