Common Funding Scheme CFS
The Common Funding Scheme (CFS) is a system used to fund all grant-aided schools in Northern Ireland. It was implemented in April 2005 and provides a consistent and equitable way to allocate funding to schools. The Department of Education apply a formula (the Common Funding Formula or CFF) to determine each school's budget share. Schools receive a delegated budget under the scheme, allowing them to plan and use resources according to their individual needs and priorities.
Guidance on Financial Management Arrangements for Controlled & Maintained Schools
Guidance on Financial Management Arrangements for Controlled & Maintained Schools sets out the conditions under which the Board of Governors of a school is given delegated authority to manage the schools budget. Each Board of Governors is responsible for the proper financial management of the resources allocated to the school.
Financial and Audit Arrangements Manuals (FAAM) for Grant Maintained Integrated and Voluntary Grammar Schools
The Financial and Audit Arrangements Manuals (FAAM) provides guidance on financial management, audit, and related procedures for Grant Maintained Integrated and Voluntary Grammar Schools. These documents address a broad range of financial issues, including budget management, accounting, and reporting.
Board of Governor Training and Resources
Board of Governor training and resources are available on the School Development Portal, see link below:
Within these resources there is training module available for the Finance Induction of Governors, see link below: