Financial Benchmarking

Local authorities are the accountable body for maintained schools and, in accordance with national framework and guidance issued by the Department of Education, they monitor and intervene to reduce the risk of financial failure or misuse of funds.

New financial transparency guidelines have been adapted and implemented across the maintained sector to improve clarity around maintained schools and under these new arrangements schools must publish:

  • how many school employees (if any) have a gross annual salary of £100,000 or more in increments of £10,000 – we can confirm that there are no staff paid over the threshold sum of £100,000
  • the link to schools financial benchmarking service – here you can view comparisons of income and expenditure with similar schools.

Benchmarking Report Card Dfe 23022021

 

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