Changes to CFR coding 24/25

In reporting year 2024-25, the DfE is asking schools to plan, record and monitor their spend in key areas of technology.

This is to help schools evaluate whether the technology they are investing in is meeting their needs and help them with future planning and budgeting.

The practical impact of these changes in the 2024 to 2025 CFR reporting year means that schools will need to record and report their spending across a wider range of codes and redistribute planned expenditure from existing codes.

The DfE also acknowledges that a lot of this type of spending for schools could potentially be capitalised so there are further changes to capital CFR codes that should be reviewed. One example is that broadband connections can now be capitalised depending on the deminimus value of individual Local Authorities so it is advisable to check this.

This is also a useful opportunity for schools to review all their subscriptions to online curriculum, administration and other services to ensure they are still in use and needed.

To accurately record spend into these new categories, schools will then need to map these new codes correctly in their finance system. If this is something you feel you may need support with, please do contact School Business Services to see how we can help you.

These changes have been updated in SBS Financial Planner and will be available when creating a budget code under Settings > Budget Codes.

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