Module at a glance
Understanding schools finance

This module will help you to:

  • Explore how local authorities are funded for schools
  • Understand the schools funding formula
  • Understand the role of the schools forum setting schools budget
  • Understand good financial planning
  • Understand the levels of schools balances
  • Explore additional sources of funding
Study time: Approximately 1 hr

Part of the governing board’s role includes managing the schools finances and ensuring effective spend.

We have designed this module to ensure you can tackle the topic of finance with the relevant information and skills.

By the end of this module, you will have a clear understanding on how school funding works, the schools funding formula and how to budget this effectively.

You will also be able to translate these skills into the real world with an advanced understanding of good financial planning.

To improve your knowledge and understanding of school finance, you can find this module in the ‘Active Learning’ section of  your Learning Link account.

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