Posted on 3 October 2014 by Education Finance
As you are all aware the old budget monitoring system will be switched off at the end of December 2014 and you should all be starting to familiarise yourself with the new Financial Reporting System (FRS).
With this in mind all monitors for the autumn term must be submitted using the new reporting tool. However, to aid you in this period of transition you can also submit an old style budget monitor to DCC where we will compare the two monitors (old vs new) and check to make sure that they match up. Should the totals from the old vs new monitor be different, we will contact you in due course to inform you where we believe a mistake/oversight has been made so that you can investigate and re-submit. It is therefore key that when starting an FRS monitor that you save a snapshot of the data from your FMS system, so that you can re-load this information to work on and amend if required at a later point in time. See page 2 (‘Set-up Options’) within the FRS User Guide for more information on how to save and load an FMS data file.
Some schools have already submitted their old style monitor in September due to the governors meeting taking place earlier in the term. If this has occurred, then the school must at some point during the autumn term submit an FRS monitor to DCC using correct monitoring report template (allschoolsreport.xml).
For details on how to use the new FRS and what is required to be sent to DCC, please visit the FRS Guidance website.
Finally, we are still missing some 73 budget monitors from the summer term and some 15 budget plans. All schools have been contacted both at the end of the summer term and at the beginning of the autumn term of this fact, so should this information not be with us by the end of play 6th October, a letter will be sent to the head teacher of each school informing them.
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