Managing school finances
School finance information, including how to prepare your school’s financial statements and general financial management information.
- Attendance dues accounts – state-integrated schools
- Bank accounts and securities
- Capital works – state schools
- Capital works – state-integrated schools
- Conflicts of interest – school boards
- Annual report (annual financial statement)
- Financial management for boards
- Model liquidation statement – Kiwi Park School
- Model financial policies – Kiwi Park School
- Related parties – state-integrated schools
- School Annual Accrual Report (SAAR) Guidelines, Checklist and Certification
- School tax issues
- Accounting for shared funds
- Accounting for donations, fundraising and other income
- Learn more - circular and FISH handbook
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.
The Crown Entities Act 2004 sets limits on the types of financial institutions that schools can bank with or invest funds in. Find out which banks and financial institutions are approved for schools.
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.
If a board member has a financial interest in any contract with the board worth more than $25,000 a year, including sub-contracts, they must get approval from the Secretary for Education for that contract. Find out why, and what you need to do to get approval.
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 2016 Instructions [PDF, 1 MB]
- School Annual Accrual Report Certification form [PDF, 338 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.
Your school may share resources and funding with other schools for various reasons, such as for projects to improve teaching and learning, for teacher professional development, to improve efficiencies or to reduce administration costs. Learn how to account for these correctly.
Your school may receive income from a variety of sources, as well as government funding, such as donations, fundraising, activities, trading, international students, hostels and use of land and buildings. Find out how to account for these.
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