Management Information Sheet
Annual Completion of School Fund Audit
It is important that school fund audits are carried out promptly, as Norfolk’s Scheme For Financing Schools requires the audit report is submitted to the Schools Finance Team within 90 school days of the school fund year end, after approval by the governing body. In order to avoid any delay when school funds are submitted to the Schools Finance Team for audit, please send the following documents:
Income and expenditure vouchers
Bank reconciliations
Trading Accounts (if applicable)
Activity Accounts (if applicable)
Paying in books and cheque books
Cashbooks (Manual ledger or STAR period end paperwork)
Bank Statements
If the school fund is run in Star, the P13 paperwork report is also needed - instructions on how to email can be found here.
If an external auditor is used, then please provide them with appendix 24 of the Finance Procedure Manual before they carry out the audit. This gives them guidance on the LA’s requirements. The auditor should be provided with all documents listed above, but will need to use the printed monthly transactions reports instead of the P13 paperwork report from Star. Please refer to section 18 of the Finance Procedure Manual if you require further guidance on administration of the school fund accounts.
If an external auditor is used, then please provide them with appendix 24 of the Finance Procedure Manual before they carry out the audit. This gives them guidance on the LA’s requirements. The auditor should be provided with all documents listed above, but will need to use the printed monthly transactions reports instead of the P13 paperwork report from Star. Please refer to section 18 of the Finance Procedure Manual if you require further guidance on administration of the school fund accounts.