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EdFITS How-To Guide 11: Financial Management

EdFITS
Financial Management
To ensure ICT budgets are well-managed, strategically aligned, and provide clear value for money — supporting both teaching and administration priorities in the school.

Step-by-Step Implementation 1. Audit Current ICT Spend Hardware (laptops, switches, printers, AV) Software (MIS, curriculum platforms, antivirus) Subscriptions (cloud tools, filtering, safeguarding apps) Support contracts and broadband 2. Categorise Spending by Purpose Group into Teaching & Learning, Admin Systems, Infrastructure, and Support This helps SLT and governors see where money is going and why 3. Identify Wasted or Duplicate Spend Check for licences no longer used Cancel duplicate tools doing the same job Spot subscriptions that auto-renew without review 4. Forecast Future Needs Device replacement cycles Storage or licence growth as the school expands Strategic projects (e.g. migrating to cloud, new MIS) 5. Link Spend to Impact Justify spend based on what it enables: better safeguarding, improved efficiency, smoother teaching Use case studies, support logs, and feedback to show impact Move from reactive spending to planned investment 6. Report Clearly to SLT and Governors Summarise key costs and benefits in…

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EdFITS How-To Guide 11: Financial Management on Digital Confidence for Education