The Financial Planning Handbook sets out guidance on financial planning information that the Skills Funding Agency, Young People’s Learning Agency (YPLA) and local authorities wish to receive by 31 July 2010 from colleges. Production of the Handbook has been a joint exercise involving the College Finance Directors Group (CFDG), the Association of Colleges (AoC), the Skills Funding Agency and the YPLA.
Colleges should approve an annual budget before the start of each financial year (1 August). This should be the first year of colleges’ three-year financial plans. To assure that this is done and to provide the fundamental basis for monitoring colleges’ financial health, an updated Handbook is now issued.
This document is an executive summary of the key content of the Handbook, which comprises eight individual chapters
