Welcome to Day 5 of your NPQH with Inspiring Leaders
The aims of the day are:
To understand strategic financial planning techniques, including curriculum-led budgeting based on a 3-5 year strategy.
To explore examples of how schools and other organisations have generated additional income.
To understand the benefits of strong accountability, including the importance of non-executive oversight (governors and trustees).
To discuss examples of resource and risk management arrangements drawn from a range of schools.
To know about the requirements of the financial accountability framework and a school’s statutory requirements in relation to risk assessment, employment, procurement and safeguarding (including the Prevent Duty), and underpinning processes.
Before Day 5, please complete the following tasks:
Meet with your School Business Manager:
• Look at the school budget
• Look at other key documents
• Identify the headline issues
Discuss with your Headteacher/Bursar/Business Manager how the school balances strategic or educational priorities with financial efficiency.