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School’s Financial Value Standard: May 2017

Orchard continues to meet all of the standards of SFVS. Each year we are required to self-evaluate against these standards (school staff and the governing body) to ensure continuing and consistent best practice. A highly successful financial audit led by an independent auditor from Herts County took place in April 2017 and from this point all standards have continued to be rigorously evaluated and met.

The SFVS consists of a set of standards which all schools must meet in relation to their financial management. The standards cover five areas:

  1. The governing body and school staff
  2. Setting the budget
  3. Value for money
  4. Protecting public money
  5. Payroll controls within the school