I’ve managed to raid the car and get my paperwork from the finance training out and I was pleasantly surprised to read my last blog and see that I had remembered most of the training points. One or two I didn’t cover are below:
1) Governors SHOULD ask questions about the budget – look in particular at where numbers are very different to previous years. Ask why numbers have gone up or down.
2) This is important, and is difficult to describe without a budget plan in front of you. However, I’ll try! In the left hand column of the plan, there is a list of letters and numbers – the important ones are I (Income) and E (Expenses). Now, the key thing to look for is this… Add up I1, I2, I3, I4 and I5 (this is your main income) then divide them by E1+E2+E3+E4+E5+E6+E7 (these are your staffing costs) and you will get a percentage. This is the percentage of your school’s money that is being spent on staffing. This percentage should be around 85%. That is healthy. However, if it is 90% or more, then your school is in grave danger of going into deficit. Told you it was complicated, but it will become clear if you have your budget plan in front of you and it is really good advice.
Anyway, that’s it. The sum of my knowledge of money (except for the fact that I know I never seem to have enough left at the end of the month!).
It seems rather odd to have come to the end of my blogging here.
I am now in my third year as a governor and feel that I now really understand the school and am able to make a valuable contribution. And my eldest will be moving to a new school next year! I am hoping that I will be able to continue to work as a governor for them and maybe stand again when my term runs out. So far, it has been a great learning experience for me and I would recommend it to anyone who may be considering becoming a governor. If you are – here are things you need to know:
1) Don’t be afraid to ask questions – if you aren’t sure, chances are at least 10 people will be as confused as you are.
2) Go on training. You won’t just pick things up as you go.
3) Commit fully – visit the school. Offer to help (particularly if you are a governor at a small school)
4) Get the most out of it for yourself – go to the performances, the assemblies etc. Get to know the school – that’s the best bit – in comparison the meetings are dryness itself!
5) NEVER forget the following: EVERYTHING YOU DO SHOULD BE IN THE INTERESTS OF THE CHILDREN AND THEIR LEARNING AND WELL-BEING. If you remember that, you can’t go wrong!
That’s all folks!