The book outlines the principles of Local Financial Management (LFM) before moving on to consider one school"s experience of the scheme. The changing role of governors and head teachers is discussed in the light of schools having to adapt to Local Management of Schools (LMS), along with changing training needs. The issues that will be of concern over the next few years are explored. The book concludes by summarizing the main benefits of delegated financial management based on the school"s experience.