What is financial benchmarking?
Financial benchmarking can be a valuable process as it enables comparisons of income and expenditure with other schools and academies. With this comparison our governors are then able to consider how our resources can be used more efficiently and identify areas of improvement that may be required.
Why should you benchmark?
Benchmarking is a requirement for the School Financial Value Standard (SFVS) that all maintained school governors need to complete.
Benchmarking allows you to understand your position and identify areas of strengths & areas to improve.
Schools Financial Benchmarking
There is a requirement for all maintained Schools to publish specific financial information on their School website, including how many School employees (if any) have a gross annual salary of £100,000 or more. At Inskip St. Peter’s CE Primary School there are no employees of the school who fall into this category.