Finance matters, especially in the current climate of reducing budgets and high profile funding changes.
Compliance with financial guidelines, whilst keeping a close eye on value for money, is more important than ever. One-stop-shop provides financial assurance in the face of unknown costs that could easily spiral beyond the means of an indivdial school's budget.
Not only does your One-stop-shop asset management officer provide guidance on all aspects of capital and revenue funding, we track and monitor expenditure on your behalf and assist when the unexpected happens.
Finance: DFC, revenue, insurance claims and investigative costs covered
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All repair and maintenance work is subject to the terms of the LMS scheme of delegation, which your asset management officer will explain in detail. The working principle is similar to that of an insurance policy whereby schools benefit from a co-operative riskpot to address large scale repairs. This offers financial assurance in the face of unknown costs that could easily spiral beyond the means of an individual school’s budget.
Advice re spending plans and Devolved Formula Capital (DFC)
Please call us if you’d like to discuss future spending plans and require help to interpret the financial criteria. Our business support team co-ordinate reimbursements and track each school’s expenditure on a periodic basis including ICT investment. Statements are issued twice yearly and on request.
DFC (Devolved Formula Capital)
We ensure that recurring issues are robustly investigated in order to identify problems at source. The cost of all first stage investigations is covered by One Stop Shop Asset Management.
First stage investigations
When disaster strikes we help by stepping in to pick up the balance of risk, for example repairs over and above the first £500.
We also have the financial resource to temporarily cover the cost of damage to contents whilst your claim is settled, so not to jeopardise school’s own cashflow.
Cost of investigation work included
Support and advice
Repairs and maintenance
Planned preventative maintenance (PPM)