Financial Regulations for Schools

The regulations set out the arrangements for the proper administration and governance of financial affairs in schools. The section below contains documents to guide schools on how to follow these regulations.

The manual contains operational guidance for schools concerning various finance-related subjects. Auditors will expect the school to follow the guidance in the manual. Not doing so may lead to negative comments in audit reports.

Governing bodies should adopt the manual and the regulations for their school and this action needs to be minuted.

Key documents

Schools Financial Procedure Manual

Section 1: Governance and Record

Section 2: Financial Management

Section 3: Reporting and Taxation 

Scheme for Financing Schools 

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Page last updated:

July 19, 2021