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Completing the schools financial value standard (SFVS)

The SFVS provides assurance to governing boards and school leaders that their school is meeting the basic standards for good financial health

Guidance
11/01/2023
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The SFVS helps schools and governing boards to identify changes that need to be made to use resources more efficiently. It provides examples of good practice and signposts support available to address issues.

Maintained schools must complete and submit the SFVS to their local authority annually.

The SFVS can also be used throughout the year by boards as a tool for ensuring effective oversight and management of resources.

Our SFVS guidance is designed to help governing boards complete the SFVS. It explains the respective roles of governors and school business professionals during the process and highlights opportunities for collaboration.

The guide covers:

  • the format and purpose of the SFVS
  • using the SFVS as a tool for resource management
  • how to use the self-assessment dashboard
  • a suggested process for completing the SFVS

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