Section B: setting the budget Q10. Link with school budget and its plan Is there a clear and demonstrable link between the budgeting and its plan school’s for raising standards and attainment? Part 1: what does the question mean? What is a clear and demonstrable link between the budget and its plan for school’s raising standards and attainment? An effective budget must support the priorities for raising standards and school’s attainment. This can be done by ensuring that the plan for improving education school’s outcomes and the budget are closely aligned and that the budget reflects the school’s education priorities. See below for further information on how to achieve this. Why is it important that there is a clear and demonstrable link between the budget and the plan for raising standards and attainment? school’s It is important to ensure strategic spending and value for money. If a school has to fund activities designed to raise standards and attainment that have not been budgeted for, there is a risk that the school may get into deficit. The plan for raising education outcomes and the budget need to be integrated so that the school can weigh up whether it has enough funds to pay for the activities that it believes are necessary for the school to achieve its education objectives. Also, it will be easier to show value for money if objectives within the plan have been achieved within the budgetary constraints. Aligning the budget and the plan to improve standards and attainment should: school’s help the school understand the impact that its intended plans will have on the workload of its staff highlight the most effective way for the school to use their workforce to improve outcomes for their pupils help the school to assess whether the actions are viable and cost-effective Part 2: good practice How to link the plan to raise standards and attainment to its financial school’s plans and budget To ensure that the plan for improving education outcomes is viable and that its implementation is feasible, it should be supported by a financial plan that costs each
Section B: setting the budget Q10. Link with school budget and its plan Is there a clear and demonstrable link between the school’s budgeting and its plan for raising standards and attainment? Part 1: what does the question mean? What is a clear and demonstrable link between the school’s budget and its plan for raising standards and attainment? An effective budget must support the school’s priorities for raising standards and attainment. This can be done by ensuring that the school’s plan for improving education outcomes and the budget are closely aligned and that the budget reflects the school’s education priorities. See below for further information on how to achieve this. Why is it important that there is a clear and demonstrable link between the school’s budget and the plan for raising standards and attainment? It is important to ensure strategic spending and value for money. If a school has to fund activities designed to raise standards and attainment that have not been budgeted for, there is a risk that the school may get into deficit. The plan for raising education outcomes and the budget need to be integrated so that the school can weigh up whether it has enough funds to pay for the activities that it believes are necessary for the school to achieve its education objectives. Also, it will be easier to show value for money if objectives within the plan have been achieved within the budgetary constraints. Aligning the school’s budget and the plan to improve standards and attainment should: help the school understand the impact that its intended plans will have on the workload of its staff highlight the most effective way for the school to use their workforce to improve outcomes for their pupils help the school to assess whether the actions are viable and cost-effective Part 2: good practice How to link the school’s plan to raise standards and attainment to its financial plans and budget To ensure that the plan for improving education outcomes is viable and that its implementation is feasible, it should be supported by a financial plan that costs each
svrshir07-res_shirehall-financeeducation-schools-sfvs-sfvs-march-2019-sfvs_support_notes_2018-19_.docx