Financial Transparency of local authority maintained schools and academy trusts

Overview

The purpose of this consultation is to outline the current financial transparency arrangements for academy trusts and maintained schools, and to consider possible changes.  While both types of school are now funded through a specific grant – the DSG for maintained schools and General Annual Grant for academy trusts – current financial transparency arrangements are different and provide different levels of assurance.

The Department has been looking at ways of improving transparency in the financial health of LA maintained schools, and believe that a number of transparency measures currently used in the academy trust sector could be adapted for LA maintained schools.

Please ensure that you have read the document "LA Financial Transparency Consultation" below before completing the online survey.