New website to help teachers make the grade on financial management
Schools can now use the internet to help them improve financial management by comparing their spending patterns with other schools on a website.
The Audit Commission has launched the website in a bid to help schools make the best use of their money as increasing responsibility for financial management falls on teachers and school governors.
Andrew Foster, controller of the Audit Commission, said: ?The Commission has developed this website to give schools greater access to information and help them to manage their budgets more effectively. We hope that both headteachers and governors will find this site useful in managing their schools? budgets.?
The new website, which went live on Friday, contains data on spending patterns across 4,000 schools.
A school uses the site by entering information about its own spending and then selects a group of similar schools with which to make comparisons. LEAs have provided the data with information on grant maintained schools coming from the Department of Education.
www.schools.audit-commission.gov.uk