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Completing the schools financial value standard (SFVS)

Guidance to help governing boards work with senior leaders to complete the SFVS

Guidance
08/01/2026
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The SFVS provides assurance to governing boards and school leaders that their school is meeting the basic standards for good financial health and resource management.

Maintained schools must complete and submit the SFVS to their local authority annually.

The SFVS can also be used throughout the year by boards as a tool for ensuring effective oversight and management of resources.

Our SFVS guidance is designed to help governing boards complete the SFVS. It explains the respective roles of governors and school business professionals during the process and highlights opportunities for collaboration.

The guide covers:

  • the format and purpose of the SFVS
  • using the SFVS as a tool for resource management
  • how to use benchmarking data
  • a suggested process for completing the SFVS

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