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MANAGING RESOURCES
Strategic resource and financial management requires considerable leadership and
management skills to link educational objectives with the resources that support them. All
resources should be utilized to ensure the best outcomes for pupils.
Headteachers are responsible for ensuring that all those funds allocated to them are
managed with probity, are spent with securing best value in mind, and are deployed
efficiently in pursuit of the school's key strategic educational goals. The material in this
theme will help you develop into a financially literate headteacher – not an accountant.
Two key publications form the core of this theme:
•
the DfE's 'Review of efficiency in the school’s system', which identifies "seven key
characteristics of the most efficient schools" and the responsibility of headteachers
for securing value for money
•
the 'Schools Financial Value Standard' (maintained schools), or the ‘Academies
Financial Handbook', which can be used by leaders as a checklist to evaluate if
their organization is both financially well managed and is complying with all the
necessary legal requirements.
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