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Academy Financial Management and Governance Evaluation (FMGE) returns

All academies are required to complete a Financial Management and Governance Evaluation (FMGE) return for submission to the YPLA annually.

Academies preparing audited financial statements to 31 August 2011 (for submission to the YPLA by 31 December 2011) should submit the completed FMGE return by 29 February 2012.

New academies not yet required to prepare financial statements should submit the FMGE return by the relevant deadline set out in the table below:

Date of conversion / opening

FMGE return submission deadline

On or before 31 July 2011

31 December 2011

1 August to 30 September 2011

31 January 2012

1 October 2011 to 30 November 2011

29 February 2012

1 December 2011 to 31 December 2011

31 March 2012

1 January 2012 onwards

Within 4 months of conversion / opening

Academies should submit:

  • An electronic copy of the completed FMGE return in Word format; and
  • A scanned, signed copy of the Summary of Grades section;

to acadmiesfinancialmonitoring@ypla.gov.uk. Hard copy returns are not required.

We require one return per academy trust, meaning that federations may choose to send just one return for the whole federation.  However, federations may find it useful for their constituent academies to complete and submit individual returns.

There are two versions of the FMGE return. The FULL return must be completed by:

  • all federations;
  • academies previously self-assessed or assessed by the YPLA with an Inadequate overall rating for financial management and governance;
  • any academy that has not previously completed an FMGE return; and
  • any academy wishing to upgrade its overall rating for financial management and governance since the last round.

Academies that do not fall into any of these categories may choose to complete either this full return, or the summary version.

A covering letter has been issued to accompany the publication of the FMGE return templates.

Covering letter

Further guidance can also be found within the FMGE return templates. These templates supersede those issued in February 2011.

FMGE return – Full version

FMGE return – Summary version

If you need support completing the FMGE return, guidance and best practice is available from various sources. The Academies Finance Director forum is a good place to start, especially for those academies that are new to the sector. Alternatively, please contact the YPLA via academiesfinancialmonitoring@ypla.gov.uk.

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