Management Information Sheet
Financial Transparency of Local Authority Maintained Schools and Academy Trusts' Consultation
The Department for Education has been looking at ways of improving transparency in the financial health of LA maintained schools, and believe that several transparency measures currently used in the academy trust sector could be adapted for LA maintained schools
The purpose of this consultation is to outline the current financial transparency arrangements for academy trusts and maintained schools, and to consider possible changes. While both types of school are now funded through a specific grant – the DSG for maintained schools and General Annual Grant for academy trusts – current financial transparency arrangements are different and provide different levels of assurance.
The Finance & Business Services Team would welcome your comments on the new proposals. You can access more information on the links below:
Closing date: 30 September 2019