Schools Accountancy Team provides statutory financial support to those maintained Suffolk schools facing statutory closure. This support involves providing information and assistance regarding the closure of the maintained school’s bank accounts and Accountancy software systems, ensuring that funds are used in the best interests of the pupils at the school and that any residual balance benefits the children of Suffolk.
SAT also provide the statutory function to schools converting to academy status. We work with these schools to prepare for their conversion date, providing guidance on the necessary procedures to follow while ensuring that local authority funding is used appropriately. Upon (Type 2) conversion, SAT determine the balance to be transferred to the Academy Trust within the 3 month period set out by the DfE.