Financial Management in the Department for Children, Schools and Families PDF Download

Financial Management in the Department for Children, Schools and Families PDF
By:National Audit Office
Published on 2009-01-01 by The Stationery Office

The Department for Children, Schools and Families has made progress in improving its financial management, with strong commitment at senior management and board level. The Department's ability to reach a high standard of financial management depends partly on successful working with local authorities, other partner organisations, and the schools themselves. It does, however, face specific challenges, including the need for better strategic management of its large capital programme, and to encourage better financial management in schools. The Department has built up a large capital underspend, which increased from £1.9 billion at 31 March 2008 to around £2.4 billion at the end of March 2009. Its capital expenditure programme will need to be carefully managed given the history of underspending and the challenge of bringing forward £924 million of expenditure from 2010-11 to 2009-10 as part of the Government's fiscal stimulus. At March 2008, schools in England had a net cumulative surplus of £1.9 billion. Only 1 in 5 local authorities reduced their total net school surplus in 2007-08. Local authorities are accountable for school spending and the Department should encourage them to redistribute excessive uncommitted surpluses in line with local needs. The Department was, in 2007, one of three departments which had not implemented in-year accruals accounting systems, which would help to improve the accuracy of financial forecasting and reporting. The planned introduction of a shared services arrangement for finance with procurement and personnel support should also help improve financial management and lead to efficiencies.

This Book was ranked at 15 by Google Books for keyword children's education management.

Book ID of Financial Management in the Department for Children, Schools and Families's Books is L-lW1n2Qqd8C, Book which was written byNational Audit Officehave ETAG "2sUIaLiUCSk"

Book which was published by The Stationery Office since 2009-01-01 have ISBNs, ISBN 13 Code is 9780102954777 and ISBN 10 Code is 0102954771

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Book which have "43 Pages" is Printed at BOOK under CategoryBusiness and Economics

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