Information on timescales and documents to submit to satisfy external audit requirements

March REC1

September REC1

Due 16 April 2018

  • VAT submittal & VAT Full report for March 2018
  • Summary trial balance
  • Bank reconciliation - the LA "REC1" form for March 2018
  • A copy of the bank statement as at 31 March 2018 (We do not require the original statement; a photocopy, scanned copy or internet report is acceptable)
  • Bank history report for March 2018
  • Unreconciled items listing as at 31 March 2018

Due 10 October 2017

  • VAT submittal & VAT Full report for September 2017 (These should have been produced and submitted on 2nd October)
  • Summary trial balance (This should also be produced on 2nd October or before any October postings)
  • Bank reconciliation - the LA "REC1" form for September 2017
  • A copy of the bank statement as at 30 September 2017 (We do not require the original statement; a photocopy, scanned copy or internet report is acceptable)
  • Bank history report for September 2017
  • Unreconciled items listing as at 30 September 2017

Evidence of items posted in the following period that have been listed in section A (3 & 4) on the REC1; this evidence should consist of copies of the relevant bank statements with the relevant credits/debits highlighted.

For schools using payroll control code, please ensure copies of invoices are submitted to prove the third party payments

Schools are reminded that the FMS6 reports (Summary trial balance, Bank history and Unreconciled items) should be exported to Excel and e-mailed to Schools Finance Support.

Where a school REC1 remains out of balance we may require the school to continue to submit this information until any discrepancies have been corrected. If the school is still unable to provide a balanced REC1 after two months, a chargeable consultant visit will be required. We recommended that schools attempt to resolve outstanding queries before submitting this information.

Please contact Schools Finance Support if you have any queries

Tel: 0115 8765053
Fax: 0115 8763237
schools.finance@nottinghamcity.gov.uk