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Schools: Finance

Education written question – answered on 11th September 2013.

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Photo of Dan Jarvis Dan Jarvis Shadow Minister (Culture, Media and Sport)

To ask the Secretary of State for Education how many schools financial value standard declarations have been received from schools in (a) Barnsley Central constituency, (b) South Yorkshire and (c) England in the last financial year.

Photo of David Laws David Laws The Minister of State, Cabinet Office, The Minister for Schools

The Schools Financial Value Standard (SFVS) was introduced to local authority maintained schools in the academic year from September 2011. The SFVS does not apply to academies and free schools; however all these schools are welcome to use any of the material associated with the standard, if they find it useful.

The Education Funding Agency (EFA) analysed local authority's Dedicated Schools Grant assurance statements for the period April 2012 to March 2013 to ensure that the SFVS process fits within the existing assurance framework so that it operates efficiently and coherently for both local authorities and the EFA.

The first collation of data was from September 2011 to 31 March 2012, applicable only for those schools that did not achieve the Financial Management Standard in Schools (FMSiS) before. All the remaining schools were required to submit their SFVS forms by 31 March 2013, with an annual review thereafter.

The area of the former South Yorkshire metropolitan council includes Barnsley, Doncaster, Rotherham and Sheffield local authorities:

70 SFVS declarations have been received from schools in Barnsley;

92 SFVS declarations have been received from schools in Doncaster;

116 SFVS declarations have been received from schools in Rotherham; and

144 SFVS declarations have been received from schools in Sheffield.

A total of 422 SFVS declarations have been received from the area of the former South Yorkshire metropolitan council.

18,567 SFVS declarations have been received from schools in England.

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