Consistent Financial Reporting (CFR) is a national framework for schools introduced by the DfE in 2002/03. All Local Authority Maintained schools are required to complete and submit a CFR return at the end of each financial year.
It aims to streamline administration in schools, collect only essential data, automate the collection of this data and improve the value of information for schools (via spending comparisons, Value for Money and promotion of self management).
All Local Authority Maintained schools are required to complete and submit a CFR return at the end of each financial year (in accordance with the LA's Closure of School Accounts timetable)
The return details the levels of income, expenditure and balances (surplus / deficit) that have occurred during that financial year, reported against nationally agreed headings for the different categories stated above.
In this section you will find useful information including :-
- DfE's Consistent Financial Reporting Online Guide 201
- Revised CFR code list as at April 2016
If you require any further information in relation to CFR please contact CYPS Finance at email@example.com or telephone 01609 532462.