Financial Benchmarking
Schools are now able to compare income and expenditure with similar establishments in England.
There are 4 main cost areas:
- staff
- premises (for example, building maintenance)
- occupation (the cost of occupying the school building, for example, energy and water)
- supplies and services (for example, stationery, books and examination fees)
Benchmarking helps the school:
- look at spend in these areas overall, as well as sub-categories of spend
- compare our spend with other similar schools (or academy trusts)
- inform our school development process