Financial planning handbook 2013 and Template
Published jointly with the Association of Colleges (AoC) and the Skills Funding Agency, this guidance for colleges sets out the requirement to prepare a financial plan using the template provided.
Colleges must return the financial plan template (Excel version), commentary (Word version) and a scanned copy of the front sheet of the financial plan (ideally PDF) by 31 July 2013.
College Accounts Data
This first release of college finance records is taken from the combined Skills Funding Agency and the former YPLA for the year ended 31 July 2010. The data contains 351 (100%) returns and has been subject to basic credibility and reasonableness checks. For any queries concerning any element of this data, please contact the Skills Funding Agency or the Education Funding Agency, as appropriate.
Benchmarking
The benchmarking package contains data taken from the finance record returns submitted by colleges.
The data in the finance record provides essential information about the financial health of individual colleges and the sector as a whole. Always striving to make better use of the data colleges provide, the EFA and the Skills Funding Agency have commissioned the benchmarking package in partnership with the Association of Colleges and College Finance Directors Group.
Accounts direction handbook 2011-12
Published jointly with the AoC and the Skills Funding Agency, this guidance provides direction to colleges and auditors on the preparation of colleges’ annual financial statements.
Sixth-form colleges – arrangements for obtaining borrowing consent
Under the ASCL Act, sixth-form colleges are able to enter into borrowing with the consent of the relevant local authority.
As local authorities no longer have a direct role in paying, financially monitoring and assuring sixth form college funding, the EFA proposes to receive and review applications for consent on behalf of local authorities and make clear and appropriate recommendations to local authorities based on this work.
