Schools are responsible for the management of the public money allocated each year by Central Government via the Local Authority. By managing the budget effectively, Chorleywood Primary School is able to optimise our resources to provide high-quality teaching and learning to raise standards, attainment and progress for all our pupils.
The Governing Board has formal responsibility for the financial management of our school and ensuring that there is a sound system of control in place. As a community school maintained by the Local Authority, we are required to comply with all the requirements of The SVFS (Schools Financial Value Standard) which has been designed to assist schools in managing both their finances and assets. The standard assists Governor's in ensuring the school is compliant, offers good value for money and has a sound system of control and risk management. The completed standard is submitted to the Local Authority each year.
All schools are encouraged to take a strategic, medium term approach to financial planning. In this context, Chorleywood Primary School use our finances to maximise pupil attainment and progress by maintaining a rolling three-year financial plan, linked to the school development and asset management plans.