24 Oct Academies Financial Handbook now available
The new and updated Academies Financial Handbook is now available:
The Academies Financial Handbook (Handbook) sets out the financial requirements for academy trusts (ATs).
The Handbook, together with the funding agreement (of which this document forms part), sets out the financial relationship between the Education Funding Agency (EFA) and ATs.
The Handbook covers all of the requirements under the financial accountability system for ATs. It sets out all of the areas of HM Treasury’s “Managing Public Money” that directly apply to ATs and so all references to “Managing Public Money” are to provide further explanation and clarification of these areas.
The Handbook will be of interest to academy principals, academy principal finance officers, chairs of governing bodies, chairs of finance and general purposes committees, chairs of audit committees, clerks to governing bodies, CEOs of federations of academies and the auditors of ATs’ financial statements.
This document is effective from 1 September 2012 until further notice.