Governors of all maintained schools (inc nursery schools and PRUs with delegated budgets) must show compliance with the School Financial Value Standard (SFVS) by completing a SFVS self-assessment form.
SFVS self-assessments must:
- demonstrate compliance against the SFVS
- include a summary of remedial actions with specified deadlines and agreed owners, to be monitored by the Governors
- be signed by the Chair of Governors and
- be submitted to the LA in March each year. Deadline 29 March 2019
To make the most of the self-assessment process governing boards are encouraged keep the SFVS as a 'live' document and to gather supporting evidence throughout the year.
Information for academies
The DfE are trialing the data-based tool in a version for academies, which can be found at School resource management self-assessment tool.