Core School Funding - Funding with no specific restrictions except compliance with school’s funding agreement and relevant legislation: must be spent on running costs, salaries, resources, maintenance., Pupil Premium - Ringfenced funding to close the attainment gap for disadvantaged pupils; spending must be published on school website., PE & Sport Premium - Ringfenced funding to improve PE provision and promote healthy lifestyles; cannot be used to cover core staffing costs except specialist PE roles., Capital Projects - Buildings, ICT, refurbishments, large scale installations., Other income - Lettings, before and after school clubs, sale of goods or services, fundraising events etc., Grant Funding - Ringfenced funding for expenditure as stipulated by grant conditions e.g. Teacher Pay Grant., Academies - Funded by the Education and Skills Funding Agency (ESFA), Early Years Funding - Funded by Local Authority (from DfE block grant) for Nursery provision., Capital Funding - Devolved Formula Capital (DFC), School Condition Allocation, CIF bids (academies), LA capital grants, Maintained Schools (Local Authority) - Funded by Local Authorities (using DfE formula allocations), Financial Governance - Internal controls, audits, policies & procedures, workflow, data security,, Risks of Poor Financial Governance - Fraud, misappropriation of funds, material errors, regulatory penalties, poor decision making, reduced stakeholder confidence, financial loss, damage to reputation , Probity - Ethical behaviour and good processes; implementing processes which are consistent, accountable, transparent and auditable,

Finance

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