Nottinghamshire Schools Portal

School Finance

School Finance

Managing school finances is one of the most complex and time consuming tasks for any school or academy, especially with the legal complexities and strict regulations that surround it.

Our School Finance Team are here to support you with this by providing trusted financial support and advice and ensuring the best use of your budget and resources. We are a dedicated team of friendly, professionally qualified staff with many years’ experience of working with schools and academies along with a proven track record of providing comprehensive support, advice, guidance and training covering all aspects of managing your school’s finances.

The principles of financial management may be standard, but we recognise that the skills, knowledge and experience of those managing them are not. Our support is tailored to meet your needs. As well as covering your statutory requirements, we also offer a range of sold services.

What we offer:

Our Basic financial support package* includes: 

  • Dedicated telephone helpline (0115 977 2211) - open 9am-5pm (Monday to Thursday), 9am-4.30pm (Friday) during term time and 10am-3pm in school holidays
  • Remote access (for schools on 1C1N) to SIMS FMS to enable us to deal with complex queries
  • Speedy resolution of financial transaction queries
  • Integrated salary calculator and multi-year budget planning tool
  • School funding modelling tool (pupil numbers driven for future years) with accompanying budget forecasting guide
  • Cashflow spreadsheet
  • Calculator for universal free school meals funding
  • Final accounts guidance and production of year end governor report in consistent financial reporting format
  • Regularly updated financial guidance and procedure notes
  • Strategic financial guidance from experienced officers when required
  • Advice and guidance if you amalgamate/federate or academise, including ongoing support after the process
  • Support on the Local Bank Account Scheme
  • Advice and guidance on accounting for all areas of extended services
  • Support and training for completion of the Schools Financial Value standard (SFVS)
  • Administration of the school loan scheme and leasing support and approval.

*Please note the basic financial support package is currently only available to LA maintained schools.

On-Site Support

  • Select half or full day visits - the combination, number and content is for you to decide, but advice on what can be covered is always available
  • We aim for visits to be delivered by a named finance contact to ensure continuity and that an understanding of your needs is maintained
  • Dates of visits are confirmed in advance, allowing you time to plan for these and gain the maximum benefit for your school
  • Visits can be extended on an hourly basis, depending on the availability of your Finance Officer.
  • A bespoke service to provide financial support can be provided on request if your Office Manager is absent. This is subject to availability.
  • Assistance with completion of the REC1 return. This can be done either onsite or remotely.

Academy support

Schools converting to academy receive strategic support from the School Finance team for closing the accounts of the maintained school and advice on
finalising their old financial system. Academies can then purchase ongoing support by the day or half day as required or in the form of a bursar service.

You can find out more about this service and purchase it for your school or academy via the link provided. Please use your individual log-in details to access this. Alternatively, you can contact our team to find out more.

"The in-depth knowledge, guidance and friendliness of the NCC Finance team is exceptional with an experienced Finance Officer personally assigned to your school. The support I have received over the past 6+ years has been invaluable including easy accessible expertise at the end of a phone and visits to school. Thank you." Mrs Sharon Preston, School Business Manager, Coddington C. of E. Primary and Nursery School. 


Buy This Service

School Finance Contact

Aaron Connor
0115 977 2211




More information

School brochure pages on this service [PDF 185KB]

Services For Schools

Full School Brochure

For information about all of the services we offer, please download the latest Services for Schools Brochure 2018.pdf [6.72MB]