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BUDGETING
1.
SFVS Section B,
Question 11
Does the school make a forward projection of budget, including both revenues and capital funds, for at least three years, using the best available information?

Schools need to look forward on the basis of the best available information, recognising that they will have to make adjustments as fresh information comes in including procurement and maintenance; for example, fabric and fittings, ICT equipment, whiteboards
How do you begin to plan and forecast the budget if you haven’t got good information on your assets? AudIT quickly and easily gives you the information you need to invest in the right areas and deploy resources effectively.
2.
SFVS Section C,
Question 17
Does the school maintain its premises and other assets to an adequate standard to avoid future urgent need for replacement? It is important to know your buildings and to have an asset management plan which reflects the performance and maintenance requirements.
2.
Value For
Money
AudIT gives you the “big picture” overview. You have everything in one place including asset location, purchase date, cost and serial number; photos, insurance details, maintenance contracts, safety inspections, warranties, capital depreciation and software licences to name a few.
3.
protecting
public
money
SFVS Section C,
Question 18
Does the school consider collaboration with others, for example on sharing staff or joint purchasing, where that would improve value for money?
AudIT can scale up to accommodate different buildings, sites and schools so you can work collaboratively to negotiate group deals and effectively deploy resources across a large organisation.
4.
Collaborative
Working
SFVS Section D,
Question 21
Are there adequate arrangements in place to guard against fraud and theft by staff, contractors and suppliers, for example, taking away school assets for personal use?
AudIT is tailor-made for the education sector and used extensively by UK schools to prevent asset misappropriation. Using the very latest cloud and smartphone technology you can stay on top of where everything is, pinpointing and detecting accountability should things go missing.
5.
Disaster
Recovery
SFVS Section D,
Question 25
25. Does the school have an appropriate business continuity or disaster recovery plan, including an up to date asset register and adequate insurance?

A disaster in the school may seem very unlikely to happen, but if it did the consequences would be very grave. It is therefore important that all schools have an adequate and up to date disaster recovery plan including:
  • an asset register of items in the school that need to be recorded for insurance purposes, to be kept where it would not be vulnerable to a disaster in the school
  • adequate insurance for premises and contents
With AudIT, in the event of a fire or theft, you have an accurate list of assets and their value, proof of purchase, photographic evidence and accurate insurance cover - all safely hosted offsite.

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