The government has pushed back a planned valuation of academy land and buildings until January, leaving some schools facing the prospect of spending “thousands” on their own surveys to meet accounting requirements.
The Education and Skills Funding Agency was due to issue valuations for new academies opened between September 2016 and August 2017 last month.
The original scheme provided schools with a free valuation to include in their annual accounts, which must be filed by December 31 at the latest.
But officials now say they won’t carry out the valuations until January, missing the accounts deadline and leaving many schools with a large bill.
Read the full article on Schools Week.