Schools Financial Value Standard (SFVS)

The SFVS is a self-assessment that should be undertaken by schools to ensure the effective financial management of their resources.

• SFVS self-evaluation
• SFVS checklist guidance
• Template for recording related party transactions Nil returns required, relates to Q26

It is a statutory requirement that all maintained schools complete and submit the SFVS and Template to the local authority (LA) on an annual basis. However, the SFVS will not be externally assessed; the LA will use the school's returns to inform their programme of financial assessment and audit.

All Kent schools must complete and submit the SFVS and Template to the LA by 31 March each year.

Email the SFVS in a Word format and the Related Party Transaction template (Nil returns required) in an Excel format to SFVS@theeducationpeople.org and retain a signed copy in school.

For any general queries please contact the Schools Financial Services team.

Contact Details

Schools Financial Services team
Telephone: 03301 651 001