Financial Services

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Strategic financial advice to school senior management and governors and technical accounting advice to school bursars

Lewisham Council’s Financial Services is a strategic advisory service with expertise in long-term planning and managing school budgets to provide value for money. All Lewisham Council-maintained schools benefit from budget notifications, monthly transaction reports and VAT reimbursements regardless of the SLA.

In addition to the above services, schools are able to purchase the following additional support:
• Strategic Financial Service
• Technical Accounting Advice

Strategic Financial Service

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Technical Accounting Service

As part of accounting service schools will receive:
  • advice on coding issues for capital and revenue funds and are within the CFR framework
  • assistance with meeting DfE financial standards
  • on-site advice on reconciling schools accounting systems to CFR and LA budgets
  • general accounting guidance
  • visits to new headteachers / School Business Managers (SBMs) on request
  • resolution of issues arising from internal audit recommendations.

Benefits

Schools who purchase Technical Accounting Service benefit from:
  • reassurance that there accounts are soundly based and their planning can be based on reliable information.
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Terms

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Annual contracts and other packages

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Ad-hoc support and other services

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