Finance consultancy

What can your Finance Consultant do for you?

Our Finance Consultants are experienced education finance professionals. Their services include, but are not limited to:

• Budget preparation/review for submission to governors using the local authority (LA) budget planning tool Production of the financial reporting suite of reports for governors and the LA
• Support the production of action plans/revised forecasts where there are significant variances to plan
• Set up of the new financial year including any required structure changes
• Consistent Financial Reporting (CFR) mapping and review of issues versus the LA information
• Support the governing body in meeting the Schools Financial Value Standard (SFVS)
  
• Benchmarking as part of the SFVS requirements
  
• Budget Monitoring and FRS/Budget monitoring report from your finance system
  
• Management reporting
  
• Interview support including shortlisting and question setting
  
• Strategic support
  
• Funding projections
  
• Setting up electronic tools and templates
  
• Strategic advice
  
• Options appraisals
  
• FMS/Bromcom Health Checks
  
• Salary projections
  
• Yearend support
  
• Interpreting guidance and regulations
  
• Grant support
  
• Process design
  
• Induction support for new headteachers to provide an overview of the financial requirements of managing the trust budget and provide support to understand the role of internal audit and the role of the accounting officer.
  
• Induction support for new bursars to discuss the financial issues directly related to your academy accounts
  
• Bespoke finance training
  
• Interpreting Benchmarking and other financial data to inform decision making
  
• Benchmarking against similar settings
  
• Finance admin support
  
• Support changing MIS/Finance system
  
• Work through data issues in your local system compared to the LA central system

For schools and single budget federations, please note that schools within federations with separate budgets and finance systems will require separate SLAs.