Financial Management Standard in Schools (FMSiS)  

The Financial Management Standard in Schools (FMSiS) is a DCSF requirement that demonstrates a school is managed well financially.  In January 2007 the DCSF directed that the Standard was added to the Authorities Scheme for Financing Schools and it is now a legal requirement for all schools to meet the Standard. 

The DCSF expected all Secondary Schools to meet the Standard by 31^st March 2007, and all Primary, Middle and Special Schools to meet the Standard by 31^st March 2010 on a phased basis.

Additional information useful to schools in Kent can be found on the following links:

  What is the purpose of the Standard and what does it include? 

  How does a school meet the standard?

  Timescale to meet the Standard 

  External assessment process 

  How to receive the FMSiS certificate and logo

  What training courses are available? 

  Key KCC documents

  Frequently Asked Questions (FAQs)

 The Introduction to the Standard, Toolkit, Assessment Tool, templates and resources can be found on the FMSiS website: www.fmsis.info

DCSF Guidance for Schools can be found on the following link: http://www.dcsf.gov.uk/valueformoney/docs/VFM_Document_596.doc