Managing school finances
School finance information, including how to prepare your school’s financial statements and general financial management information.
Financial information for schools handbook (FISH)
The handbook provides information to encourage best practice in financial governance, financial management and reporting.
Proprietors of state-integrated schools need to prepare annual attendance dues accounts. There is a template and example for you to follow, with notes to explain the entries in the example.
You need to manage funds for capital works in accordance with your school's 5-year agreement for capital funding (5YA). Find out how to do this.
Proprietors of state-integrated schools own or lease their school property and are responsible for capital works. Boards can undertake capital works with the proprietor's and Ministry of Education's approval. Read about the correct process when boards undertake and fund capital works on land owned by the proprietor.
Raising funds - state integrated schools
Both boards of trustees and proprietors of state-integrated schools can raise funds. These funds must be used for purposes that match the roles and responsibilities of the board of trustees and proprietor. The funds raised by each party must be kept separate.
This was previously called the Kiwi Park School model annual financial statement. It shows to prepare their annual report due to us by 31 May each year.
The Kiwi Park School model liquidation statement illustrates the suggested format and content for a school’s statement of movements in equity, statement of financial position and notes to the statements.
Download these templates to help you develop financial policies for your school.
All integrated schools have a proprietor. Under current financial reporting standards, the proprietor is a related party for all state-integrated schools because it has representatives on the board.
The example related-party disclosure notes will cover the most common disclosures that your school may need to make in the financial statements.
The SAAR guideline and checklist shows how schools should update their financial records for Novopay payroll information. The SAAR certification form is to be used by schools as evidence that the personnel cost contained in their financial system has been reviewed and is correct.
Schools need to keep the certificate with their personnel records and show it to their school auditor.
- SAAR Reconciliation 2018 Instructions [PDF, 937 KB]
- School Annual Accrual Report Certification form [PDF, 332 KB]
If you have difficulty accessing these documents, please email firstname.lastname@example.org.
School boards, school trusts and parent teacher associations (PTAs) need to know about how the Charities Act 2005 affects them and whether they need to register with the Charities Commission.
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