--- title: Having trouble completing your Academy Budget Forecast Return (BFRO)? description: Asset management software can help schools provide the information needed to complete The Academies Budget Forecast Return Outturn (BFRO). image: https://blog.sgworld.com/hubfs/Imported_Blog_Media/BFROLetterBox.jpg --- [![SG World](https://blog.sgworld.com/hs-fs/hubfs/raw_assets/public/SGWorld_December2020/images/sg_world_logo_new_373x208.png?width=1000&height=1043&name=sg_world_logo_new_373x208.png "SG World")](https://www.sgworld.com/) [Login](https://www.sgworld.com/account/login) - For Business - [Contractor Management](https://www.sgworld.com/pages/contractor-management) - [Authorisation To Work Passes](https://www.sgworld.com/products/contractor-authorisation-to-work-passes) - [Customised Authorisation Passes](https://www.sgworld.com/pages/customised-contractor-authorisation-to-work-pass) - [Permits To Work](https://www.sgworld.com/pages/permit-to-work-products) - [5D Contractor Management Software](https://www.sgworld.com/pages/5d-contractor) - 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Resources - [Blog](https://blog.sgworld.com/) - [Permits To Work Library](https://www.sgworld.com/pages/permit-to-work-information) - [Pre-Use Inspection Library](https://www.sgworld.com/pages/pre-use-safety-inspections) - [School Accident and Incident Reporting](https://www.sgworld.com/pages/school-accident-reporting) - [School Asset Management Library](https://www.sgworld.com/pages/school-asset-management) - [Visitor Management Library](https://www.sgworld.com/pages/visitor-management) - [Free Poster Library](https://www.sgworld.com/pages/workplace-safety-posters) September 11, 2018 Lisa Robinson Updated on: February 8, 2021 # Having trouble completing your Academy Budget Forecast Return (BFRO)? Having accurate asset data is a key element for accurate budget forecasting and sound financial planning. It lets you make more informed investment decisions, deploy your school funding more effectively and quickly **and** confidently complete your budget forecast return. ![Academies Budget Forecast Return booklet](https://blog.sgworld.com/hubfs/Imported_Blog_Media/BFROLetterBox.jpg)SG World offer AudIT Asset Management software and services developed especially for schools which help them keep on top of the school inventory quickly and easily. In addition to tracking your fixed and intangible assets, AudIT's flexible, intuitive platform helps with estate management, school maintenance, tracking and recording service contracts, lease renewals and equipment inspections. The software will even help you calculate asset depreciation and track asset disposals. The Academies Budget Forecast Return Outturn (BFRO) guide identifies the information trusts need to gather to complete the BFRO workbook, AudIT's flexible reporting provides the data you need to complete these sections: **Academies budget forecast return outturn 2018** **2.3.2 Capital Assets - value, disposals and expenditure.** *Line 520* record the value of any capital donation of an asset from the ESFA for PSPB/Free Schools Programme *Line 570* track all other capital income such as proceeds from the sale of fixed assets Disposal proceeds (lines 581-583) - include the value that all disposals are carried in the financial statements, i.e. cost less depreciation in the following categories - other fixed assets and intangible fixed assets *Line 572* capital assets transferred to academy on conversion - include the value of capital assets and liabilities received or receivable on conversion from local authorities on conversion *Line 573* capital assets transferred of an existing academy into the trust - include the value of capital assets and liabilities received or receivable following the transfer of an existing academy from another academy trust *Line 630 - 638* track cost of intangible assets additions (software), other fixed assets additions (lines 636-638) such as furniture and equipment, computer equipment, motor vehicles, assets under construction, etc broken down into the following categories: - Line 636 funded by ESFA grants - Line 637 funded by other capital grants - Line 638 funded by reserves - including other revenue sources *Line 710 -* track gain/loss on disposal of fixed assets - deduct the carrying amount of the asset and related selling expenses from the proceeds of the disposal. *Line 712 -* impairments - include the value of any impairment charges during the period. *Lines 715 - 717* - include all depreciation charges including depreciation charges for donated assets and other assets, excluding buildings or donated assets ### About Lisa Robinson Lisa - word smith to the gods. ### Latest Reads [Catch SG World at HSM Live Coventry This Week Jun 30, 2026](https://blog.sgworld.com/catch-sg-world-at-hsm-live-coventry-this-week) [Daily Vehicle Lift Safety Checks: PUWER Compliance for Garages Jun 29, 2026](https://blog.sgworld.com/daily-vehicle-lift-safety-checks-puwer-compliance-for-garages) ### Categories - [Health & Safety](https://blog.sgworld.com/topic/health-safety) - [Education Solutions](https://blog.sgworld.com/topic/education-solutions) - [Safety Inspections](https://blog.sgworld.com/topic/safety-inspections) - [Visitor Health and Safety](https://blog.sgworld.com/topic/visitor-health-and-safety) - [Visitor Management](https://blog.sgworld.com/topic/visitor-management) - [Asset Management](https://blog.sgworld.com/topic/asset-management) - [Contractor Management](https://blog.sgworld.com/topic/contractor-management) - [Public Sector News](https://blog.sgworld.com/topic/public-sector-news) - [School Safeguarding](https://blog.sgworld.com/topic/school-safeguarding) - [Permit to work](https://blog.sgworld.com/topic/permit-to-work) - [Case Study](https://blog.sgworld.com/topic/case-study) - [Academies](https://blog.sgworld.com/topic/academies) - [Inventory](https://blog.sgworld.com/topic/inventory) - [Forklifts](https://blog.sgworld.com/topic/forklifts) - [LOTO](https://blog.sgworld.com/topic/loto) - [Visitor touchscreen](https://blog.sgworld.com/topic/visitor-touchscreen) - [5D](https://blog.sgworld.com/topic/5d) - [Construction](https://blog.sgworld.com/topic/construction) - [HSE](https://blog.sgworld.com/topic/hse) - [News](https://blog.sgworld.com/topic/news) ## Follow us [mailto:web-enquiries@sgworld.com](mailto:web-enquiries@sgworld.com) ## Navigate - [Home](https://www.sgworld.com/) - [Search](https://www.sgworld.com/search) ## Contact - [Contact Us](https://www.sgworld.com/pages/contact-us-general) - [Request a Visit](https://www.sgworld.com/pages/arrange-a-visit) - [SG World Around the Globe](https://www.sgworld.com/pages/sgworld-around-the-globe) ## Support - [Software Support](https://www.sgworld.com/pages/support-centre) - [Shipping & Returns](https://www.sgworld.com/pages/shipping-and-returns) ## Legal - [Terms & Conditions](https://www.sgworld.com/pages/terms-and-conditions) - [Cookie & Privacy Policy](https://www.sgworld.com/pages/terms-and-conditions) - [Shipping & Returns](https://www.sgworld.com/pages/shipping-and-returns) Copyright © 2020 SG World. We are open Monday to Friday from 8am to 4pm. Give us a call on 01270 588211 ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Lisa Robinson", "url" : "https://blog.sgworld.com/author/lisa-robinson" }, "dateModified" : "2021-02-08T10:14:57.604Z", "datePublished" : "2018-09-10T23:00:00.000Z", "headline" : "Having trouble completing your Academy Budget Forecast Return (BFRO)?", "image" : [ "https://blog.sgworld.com/hubfs/Imported_Blog_Media/BFROLetterBox.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.sgworld.com/completed-your-academies-budget-forecast-return-bfr-for-the-esfa-was-it-a-bit-of-a-struggle", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.sgworld.com/hubfs/SG%20World%20Logo%20(002).png" }, "name" : "SG World " } } ```