FINANCIAL ROLES AND RESPONSIBILITIES (PREVIOUSLY FINANCIAL RESPONSIBILITY AND ACCOUNTABILITY)
|
|
- Opal Mabel Gibson
- 6 years ago
- Views:
Transcription
1 The responsibilities of the GOVERNING BODY are to: OVERALL RESPONSIBILITY 1. Assume overall responsibility for the expenditure of the school s delegated budget and other school finances. FINANCIAL REGULATIONS 2. Adopt financial regulations and procedures which set out the duties and responsibilities of all staff in respect of the spending or collection of money and the responsibility for the property of the school. 3. Approve any changes to the regulations and procedures mentioned above. PERSONAL OR PECUNIARY INTERESTS 4. Maintain a register of pecuniary interests in accordance with its policies and to ensure all staff and Governors of the school comply and register. 5. Ensure that no Governor takes part in decision making process relating to any contract agreement in which they have a personal or pecuniary interest, and in the event of such an interest disclosed, the governor to leave the room. CHARGING AND REMISSION 6. Draw up a statement of its policy on charging and remissions and review this policy annually. ANNUAL BUDGET 7. Agree an annual budget timetable set by the Headteacher. 8. Formally adopt the expenditure and income budgets for the financial year. 9. Prescribe the format of the estimates and annual accounts, ensuring that they are consistent with the needs of management information for financial control purposes, and to receive the final accounts from the Headteacher. 10. Approve all virements exceeding 500 (with the exceptions of the splitting of start-of-year budget and the virement of carry forward money from one financial year into the following year s contingency budget). 11. Approve expenditure on any items forming a scheme or project costing in excess of 1000 (the only exception to this being payments for utility services). 12. Approve authorised signatories who may sign official orders. TENDERING 13. Invite a minimum of 3 tenders, either by selective or open tendering, where the estimated value amount of a proposed contract is; 10,000 plus 1% of a school s budget (to include Schools Block, High Needs Funding (ERS and SEN TA funding), EYSFF, Post 16 funding; excluding rent and rates). 1 of 6
2 14. Waive the requirement to go to tender where a decision is taken by the Governing Body to approach Property Services and that option is pursued. UNOFFICIAL FUNDS 15. Open suitable bank account funds and to approve the signatories for such accounts. 16. Appoint an independent auditor to undertake an annual audit. 17. Receive an annual report from the Headteacher on all accounts of unofficial funds. The responsibilities of the FINANCE COMMITTEE are to: FINANCIAL REGULATIONS 1. Comply with and monitor the school s financial regulations. 2. Receive the report of the Headteacher on any breach of the financial regulations, where appropriate. ANNUAL BUDGET 3. Consider in detail estimates of income and expenditure prepared for the forthcoming financial year by the Headteacher and to recommend to the Governing Body an annual budget produced in consultation with the Headteacher that reflects the School Development Plan. 4. Monitor the financial position of the school throughout the year and to report on the current position to the Governing Body. 5. Consider proposals from the Headteacher for the spending or virement of any money held within the budget heading. 6. Receive and consider a financial report from the Headteacher each term which covers all of the annual budget headings. 7. Receive recommendations from the Headteacher as to remedial action that will be taken where it appears that delegated budget holders may have exceeded an approved expenditure budget or realised an income target. INCOME 8. Formally consider and recommend to the Governing Body the policy and charges relating to lettings. 9. Consider all proposals involving the generation of income for the school. EXPENDITURE 10. Approve expenditure on any items forming a scheme or project costing in excess of 1,000 (including nonrecoverable VAT) and less than 10, Obtain a financial assessment of the initial cost and future running costs of any item having financial consequences. 2 of 6
3 12. Approve any expenditure which requires a continuing financial commitment in future years. 13. Consider any price increase on any contract. VIREMENTS 14. Approve the virement of funds between budgets of up to a maximum of 500 on a detail/account code. 15. Receive a report on all completed virements at the meeting following the initiation of such virements. 16. Take to the Governing Body approval proposals for virements specified in the financial regulations of the school. BANK ACCOUNTS 17. Approve the signatories for the School s Imprest Accounts. PROPERTY AND ASSETS 18. Investigate any significant stores discrepancy. 19. Approve the recommendations of the Headteacher for the writing-off of obsolete stores and equipment. 20. Offer guidance to the Headteacher on the disposal of all plant, machinery and equipment. INSURANCE 21. Determine the policy for insurance cover for the school, giving consideration to: Balance of risks, building and contents Loss of revenue Motor-occasional business use by Governors Deterioration of stock Personal accident Governors Personal accidents Pupils Personal accidents Staff TENDERING 22. Invite tenders, either by selective or open tendering, where the estimated value or amount of a proposed contract is: 10,000 plus 1% of a school s budget (to include Schools Block, High Needs Funding (ERS and SEN TA funding), EYSFF, Post 16 funding; excluding rent and rates). Amounts in excess of these upper figures require escalation to the Governing Body. 23. Waive the requirements to go to tender where the Finance Committee is satisfied that there are special circumstances justifying exemption; such exemption being recorded in the minutes. 3 of 6
4 OTHER COMMITTEE 24. Receive reports from the Personnel, Premises and other Committees on their responsibilities that have financial implications. The responsibilities of the HEADTEACHER are to: OVERALL RESPONSIBILITY 1. Ensure the proper administration of all financial affairs and determine the accounting systems, procedures and records necessary to achieve this, subject to the direction of the Governing Body. 2. Approve, and to recommend for approval by Governing Body, any new systems for the maintenance of financial records, or records of assets of the school, or any changes to such systems, following prior consultation through the operational Head of the County Treasurer s Department, Audit Services Unit. 3. Ensure that all staff have a copy of financial regulations and procedures and are made aware of any future changes agreed by the Governing Body. 4. Report cases of suspected fraud, misappropriation of funds, materials or equipment, or other irregularities, immediately to the Governing Body, the assistant County Treasurer (Audit), Services Unit, County Treasurer s Department and to the Area Education Office. 5. Report any breach of financial regulations to Finance Committee, where appropriate. ANNUAL BUDGET 6. Set an annual budget timetable to be agreed by the Governing Body. 7. Assist in preparing estimates of income and expenditure for the forthcoming financial year for consideration in detail by the Finance Committee. 8. Monitor the financial position of the school throughout the year and to prepare a financial report for the Finance Committee each term which covers all of the annual budget headings. 9. Be responsible for the delegations of the authorised budget and to make recommendations to the Finance Committee as to remedial action that will be taken where it appears that delegated budget holders may have exceeded and approved expenditure budget or not realised an income target. 10. Make proposals to the Finance Committee for the virements of funds between budgets of up to maximum of 500 on a detail/account code and to report on all completed virements at the meeting following the initiation of such virements. 11. Make proposals to the Finance Committee for the spending or virement of any money held within the budget as a contingency fund. 12. Split the start-of-year budget, subject to the approval of the governing body, and to vire any carry-forward money from one financial year into the following year s contingency budget. 4 of 6
5 INCOME 13. Undertake an annual review of all income sales, rents and charges and to make appropriate recommendations to the Finance Committee. 14. Write off individual bad debts up to a limit of 10 in each case, and to refer larger sums to the Finance Committee. 15. Grant approval for the sale of goods and services on credit, where appropriate. 16. Ensure the security, collection and banking of income due to the delegated budget. EXPENDITURE 17. Obtain a financial assessment of the initial costs and any future running costs on all items having financial consequences. 18. Ensure all orders shall be on an official order and be signed personally by an approved authorised signatory. 19. Ensure that the school conforms to VAT procedures as issued by the authority. 20. Seek approval of the Finance Committee for the expenditure which requires a continuing financial commitment in future years. 21. Seek the approval of the Governing Body for the expenditure on any items forming a scheme or project costing in excess of 1,000 (the only exception to this being payments for utility services). ACCOUNTS 22. Operate the School s Imprest Account, by not allowing it to become overdrawn. 23. Issue instructions for the operation of any cash floats. 24. Present annually the school s final accounts to the Governing Body in a format as prescribed by the Governors. 25. Maintain accurate financial and banking records of all unofficial funds. 26. Present annually all accounts of unofficial funds, after an independent audit, to the full Governing Body. INSURANCES 27. Effect the insurance cover for the school, having regard to the Finance Committee s Policy. PROPERTY AND ASSETS 28. Issue advice regarding the maintenance of records for stores and inventory items. 5 of 6
6 29. Carry out a stock take of stores at least once a year. 30. Carry out a check of inventory items at least once a year. FINANCIAL ROLES AND RESPONSIBILITIES 31. Dispose of all plant, machinery and equipment under the guidance of the Finance Committee. 32. Ensure all school staff are aware of their responsibility for the proper security of all buildings and other assets under their control. 33. Authorise, where appropriate and reasonable, the personal use of school assets by staff and students. The responsibilities of STAFF are to: FINANCIAL REGULATIONS 1. Ensure that they are familiar with the financial regulations, and the supporting financial procedures, which are provided to all staff who have an involvement in spending or collecting of money or any responsibility for the property of the school. 2. Report cases of suspected fraud, misappropriation of funds, materials or equipment, or any other irregularities, immediately to the Headteacher, the Governing Body, the Assistant County Treasurer (Audit), Audit services Unit, County treasurer s Department and to the Area Educational Office. EXPENDITURE (AUTHORISED BUDGET HOLDERS) 3. Place the orders for routine consumable expenditure to the amount provided in the annual budget allocation. 4. Ensure budget heads are not overspent. 5. Inform the Headteacher where it appears that an approved expenditure budget may be exceeded or an income target not realised. EXPENDITURE (GENERAL) 6. Ensure that no work shall be authorised to be undertaken or goods to be supplied which are to be subject of a contract or other legally binding agreement of value until a document in a form approved by Legal Services is completed and signed by the Contractor. PROPERTY ASSETS 7. Ensure the safe custody of store and inventory items and the maintenance of records in accordance with advice issued by the Headteacher. 8. Notify the Headteacher immediately of any loss, liability or damage which may lead to a claim against the school. 9. Ensure the proper security of all buildings and other assets under their control. 10. Receive proper authority from the Headteacher for the personal use by themselves or students of all school assets. 6 of 6
St Nicholas School Finance Policy
St Nicholas School Finance Policy 1. Introduction The Governors of St Nicholas School are committed to providing sound financial controls, to achieving value for money and to being worthy custodians of
More informationSCHOOL FINANCE POLICY
SCHOOL FINANCE POLICY HOLT COMMUNITY PRIMARY SCHOOL A GOVERNANCE Policy Adopted Dec 2017 Review Date Apr 2019 General 1 A list of all governors, their membership of committees and terms of reference thereof,
More informationWEST CLIFF PRIMARY SCHOOL BUDGET MANAGEMENT POLICY
WEST CLIFF PRIMARY SCHOOL BUDGET MANAGEMENT POLICY MISSION STATEMENT Caring, Happy, Inspiring and Achieving Document Status Date of policy creation/review Reasons for review Date of adoption by the Governing
More informationBROOK GREEN CENTRE for LEARNING FINANCE POLICY 2018/2019
BROOK GREEN CENTRE for LEARNING FINANCE POLICY 2018/2019 1 AIMS 1.1 This document has been adopted by the Board of Governors, as the basis for the administration and management of finances. The aim of
More informationFinancial Regulations Manual
Financial Regulations Manual 2 nd July 2012 Contents 1 Introduction 2 Organisation 3 Accounting System 4 Financial Planning 5 Payroll 6 Purchasing 7 Income 8 Cash Management 9 Fixed Assets 1. Introduction
More informationSTEP Academy Trust Finance Policy
STEP Academy Trust Finance Policy Date of Policy: SEPTEMBER 2015 CONTENTS 1 Introduction 1 2 Organisation of Responsibility and Accountability 1 3 Financial planning and Budget Monitoring 3 4 Personnel
More informationCapel Primary School. Finance Policy
Capel Primary School Learning today, for tomorrow Finance Policy Policy Control Responsible Governor Team: Resources Approved by Governors: November 17 Date due for review: November 18 Inspiring a united
More informationInvicta Primary School Finance Policy
Please note that this Finance Policy has been prepared as an EXAMPLE only. The School should amend this and ensure it is in line with the terms of reference and model of governance. Invicta Primary School
More informationFinancial Regulations in. Solon Wandsworth Housing Association. Approved by Management Committee on 10/07/ July 2002
Financial Regulations in Solon Wandsworth Housing Association 10 July 2002 Financial Regulations.doc Page 1 of 31 Contents Chapter 1 Chapter 2 Chapter 3 Status of financial regulations Financial control
More informationFinancial Procedures Policy
St Andrew s C of E VA Primary School, Fontmell Magna Financial Procedures Policy The objectives of this policy are to set guidelines for the establishment of sound and effective financial procedures. By
More informationFINANCIAL REGULATIONS
FINANCIAL REGULATIONS Last updated October 2016 Table of Contents 1. OVERVIEW... 3 2. REPORTING ARRANGEMENT... 4 3. ACCOUNTING... 5 4. FINANCIAL PLANNING AND BUDGETING... 6 5. AUTHORISATION OF TRANSACTIONS...
More informationRickmansworth School Finance Policy
Rickmansworth School Finance Policy Policy Number: Version: Approved Ratified by: FGB Date ratified: 16 September 2015 Policy Lead: Name of responsible committee and SLT Charles Hampshire lead: Date issued:
More informationFinancial Regulations Policy
Davies Lane Primary School, Davies Lane, Leytonstone, London, E11 3DR. Company Number: 10234376 Financial Regulations Policy Introduction... 2 Financial Planning... 2 The budget cycle... 2 Budget... 2
More informationFinancial Regulations. Financial. Regulations. Working Together. September Borders College 24/11/ Working Together.
Financial Working Together Regulations September 2009 Borders College 24/11/2010 1 Working Together Table of Contents Section 1 - Introduction and Background... 6 Section 2 - Management Responsibility...
More informationWoodlands Primary School. Finance Policy
Woodlands Primary School Finance Policy Written by Mary Priestley Ratified by Governors Spring 2017 Date for Review Spring 2018 Signed Chair of Governors Signed Headteacher This policy has been impact
More informationRevised August 2018 BALCARRAS SCHOOL FINANCIAL PROCEDURES POLICY
BALCARRAS SCHOOL FINANCIAL PROCEDURES POLICY Contents Introduction 1. Organisation 1.1. The Governing Body 1 1.2. Finance Committee 1 1.3. Headteacher 1 1.4. Finance Manager 2 1.5. Responsible Officer
More informationFinancial Regulations
Financial Regulations Page 1 of 15 CONTENTS 1. Overview 1.1 Introduction 1.2 Statutory Framework 1.3 Responsibilities 1.4 Separation of Duties 1.6 Review of the Financial Regulations 2. Financial Planning
More informationRegistered Charity SC Established 1985
Registered Charity SC 00 8314 Established 1985 DC/JD/ADCONF/MANAGEMENT/DCAREY/REPORTS/2015/FINANCIALREGINDEX UPDATED17.06.08 Updated 16.05.11 Updated 01.11.12 Updated 16.02.14 Updated 24.05.15 1 FINANCIAL
More informationHertfordshire County Council. Financial Handbook for Schools. Part II: Scheme for Financing Schools
Hertfordshire County Council Financial Handbook for Schools Part II: Scheme for Financing Schools April 2014 CONTENTS PART II SCHEME FOR FINANCING SCHOOLS Page Section 1 3 Section 2 Financial Requirements
More informationStanding Financial Instructions
Standing Financial Instructions 4983250 1 INTRODUCTION... 1 2 INTERPRETATION... 2 3 RESPONSIBILITIES AND DELEGATION... 4 4 AUDIT... 7 5 ALLOCATIONS, BUSINESS PLANNING, BUDGETS, BUDGETARY CONTROL AND MONITORING...
More informationFINANCE & OPERATIONS COMMITTEE (F&O)
FINANCE & OPERATIONS COMMITTEE (F&O) TERMS OF REFERENCE 2017-18 1 Page The purpose of this committee is to monitor and make recommendations to the Trust Board on matters relating to the Finance, Human
More informationAMETHYST ACADEMIES TRUST SCHEME OF DELEGATION 2016/17
AMETHYST ACADEMIES TRUST SCHEME OF DELEGATION 2016/17 1 Scheme of Delegation RELATING TO Amethyst Academy WERE APPROVED BY THE MANAGEMENT BOARD On 13/10/2016 SIGNED BY THE GOVERNING BODY OF THE Amethyst
More informationPlumpton College Financial Regulations
Plumpton College Financial Regulations CONTENTS 1 BACKGROUND 2 STATUS OF FINANCIAL REGULATIONS 3 FINANCIAL CONTROL 3.1 THE CORPORATION 3.2 COMMITTEE STRUCTURE 3.2.1 Finance and General Purposes Committee
More informationDiocese of Southwell and Nottingham Multi Academy Trust Financial Regulations Manual
Diocese of Southwell and Nottingham Multi Academy Trust Financial Regulations Manual Contents 1 Introduction 2 2 Organisation 2 3 Accounting System 7 4 Financial Planning 9 5 Payroll 11 6 Purchasing 13
More informationFixed assets. 23. Asset register. 24. Depreciation, security and disposals
23. Asset register Fixed assets 23.1 The purpose of the asset register is to: ensure that staff take responsibility for the safe custody of assets; enable independent checks on the safe custody of assets,
More informationInternal Audit Report
Internal Audit Report MENORAH HIGH SCHOOL FOR GIRLS 13 July 2017 To: Copied to: Chair of Governors Headteacher Education and Skills Director Commissioning Director (Children and Young People) School Finance
More informationSt Minver Lowlands Parish Council
INDEX to FINANCIAL REGULATIONS Section No Heading Sub-Heading 1 General 2 Accounting and Audit Internal and External 3 Annual Estimates Budget and Forward Planning 4 Budgetary Control Incl. Authority to
More informationAylesford School. and Sixth Form College. wonder aspiration respect discipline FINANCIAL RESPONSIBILITIES AND SCHEMES OF DELEGATION POLICY
Aylesford School and Sixth Form College wonder aspiration respect discipline FINANCIAL RESPONSIBILITIES AND SCHEMES OF DELEGATION POLICY Written/Updated: October 2017 Review Date: October 2018 Lead: Headteacher
More informationSCHEDULE OF FINANCIAL DELEGATION
Author: Liz Luxton Committee: Approved By Governors: October 2017 Committee Review Date: October 2018 Review Frequency - Annual SCHEDULE OF FINANCIAL DELEGATION Birchwood High School is a charitable Company
More informationTendering and Procurement
Tendering and Procurement Policy Last updated: July 2018 The Tower Trust Tendering and Procurement Policy 1 Contents: Statement of intent 1. Legal framework 2. Small purchases 3. Large purchases 4. Procurement
More informationFINANCE POLICY FOR Vector Learning Trust. Contents. Section Name
Finance Policy Who is Responsible Finance & General Purposes Committee Statutory Policy Yes Review Timescale Three Years Last Review November 2018 Approval date 05/11/2018 Next Review November 2021 This
More informationFINANCIAL REGULATIONS
CITY OF ELY COUNCIL FINANCIAL REGULATIONS APPROVED AND ADOPTED 25TH JULY 2016.. CHAIRMAN OF THE COUNCIL INDEX 1. GENERAL 3 2. ACCOUNTING AND AUDIT (INTERNAL AND EXTERNAL) 5 3. ANNUAL ESTIMATES (BUDGET)
More informationDENEFIELD SCHOOL. Finance, Premises, Personnel, Pay & Audit Committee Terms of reference
Finance, Premises, Personnel, Pay & Audit Committee Terms of reference Purpose Membership Election of chair Type of Committee Quorum Voting Rights Meetings Clerking Reporting Terms of reference 1. To assist
More informationXXX Academy Financial Regulations Manual
XXX Academy Financial Regulations Manual Policy Reviewed and Adopted by 20/09/2010 Full Governing Body Governing Body: Version 1.1 amended by Finance & GP 12/11/10 Date of Next Review: Spring Term 2010
More informationGreenshaw Learning Trust Finance Policy & Procedures 6 September 2017
Greenshaw Learning Trust Finance Policy & Procedures 6 September 2017 Responsible Officer: GLT Head of Finance Approved by the Board of Trustees: 6 September 2017 Policy Review Date: September 2020 GLT
More informationTransform Multi Academy Trust. Finance Policy Handbook
Transform Multi Academy Trust Finance Policy Handbook Updated: 5 th July 2017 Transform Trust Finance Policy Handbook Contents 1 Overview 2 Organisation 3 Accounting System 4 Financial Planning 5 Payroll
More informationBest Practice arising from audits for the school year y /14
Best Practice arising from audits for the school year y - 2013/14 Governance and Leadership Finance Policy An up-to-date Finance Policy is held which is: Reviewed annually Approved by the GB Circulated
More informationSCHEME OF FINANCIAL DELEGATION
Pope John XXIII Catholic Multi-Academy Company SCHEME OF FINANCIAL DELEGATION Approved by Finance and Resources Committee: 15 th September 2015 Ratified by the Board of Directors: --/--/-- Date of Review:
More informationadopting Financial Regulations (other than the Statutory Procurement thresholds PAKENHAM PARISH COUNCIL FINANCIAL REGULATIONS [ENGLAND] INDEX
THE NATIONAL ASSOCIATION OF LOCAL COUNCILS 109 GREAT RUSSELL STREET LONDON WC1B 3LD MODEL for consideration by Council. Values are to be set by the Council when adopting Financial Regulations (other than
More information2 Powers and duties delegated to JTMAT Audit Committee. 3 Powers and duties delegated to the LGB Managing and Organising Committee
JOHN TAYLOR MULTI ACADEMY TRUST Appendix A Scheme of Delegation JTMAT Audit Committee should agree a Scheme of Delegation, established as a formal schedule that distinguishes between matters reserved exclusively
More informationCouncil budgets
Council budgets 2012-2013 CONTENTS SECTION 1 - GENERAL INFORMATION ON COUNCIL FINANCE The Financial Calendar, Budgets and Interaction with the Council's Business Planning Process.... Financial Regulations.....
More informationFinancial Regulations
Financial Regulations Insert school name Document Detail Policy Reference Number: 006 Category: Financial Management Adopted By: Local Governing Body Author: Trust Business Manager Version: 2016-3 Status:
More informationFinancial Regulations
Appendix 1 Perth and Kinross Council Financial Regulations 2016 2018 Head of Finance 2016 Version 6.0 Version control 6.0 17/03/2016 Issued for Initial Consultation 6.1 04/08/2016 Circulated to FDMT 6.1
More informationNorthampton Primary Academy Trust. Finance Policy
Northampton Primary Academy Trust Finance Policy 1. Statement of Intent We the Governors of Simon de Senlis Primary School part of the Northamptonshire Primary Academy Trust (NPAT) fully understand and
More informationFinancial Regulations
Financial Regulations 1 Introduction 2 Status of Financial Regulations 3 Responsibilities 4 Financial Management 4.1 Budget Strategy 4.2 Medium Term Financial Strategy 4.3 Annual Budget Setting 4.4 Budget
More informationThe Engage Trust Finance Handbook. Revision 1 December 2015
The Engage Trust Finance Handbook Revision 1 December 2015 The Engage Trust Finance Handbook (ETFH) has been written to ensure compliance with the Education Funding Agency Academies Financial Handbook
More informationROYAL INCORPORATION OF ARCHITECTS IN SCOTLAND INTERIM SCHEME OF DELEGATED AUTHORITY. Date. Version number. Issued to. Purpose / Changes Author
Version number Purpose / Changes Author 1.0 2.0 3.0 4.0 5.0 Actions from 6 June 2018 Martin Council meeting McKay/KS sponsorship remove the reference to bonus (by implication this is in the revised description
More informationClarendon Primary School & Children s Centre Finance Policy Doing our best to achieve our best
Clarendon Primary School & Children s Centre Finance Policy Doing our best to achieve our best The Purpose of the Policy: To establish proper financial management arrangements and accounting procedures
More informationPolicies, Procedures, Guidelines and Protocols
Policies, Procedures, Guidelines and Protocols Document Details Title Standing Financial Instructions Trust Ref No 1354-41188 Local Ref (optional) Main points the document covers These instructions set
More information12. PAYMENTS UNDER CONTRACTS FOR BUILDING OR OTHER CONSTRUCTION WORKS
GISLINGHAM PARISH COUNCIL FINANCIAL REGULATIONS 2014 1. GENERAL 2. ACCOUNTING AND AUDIT (INTERNAL AND EXTERNAL) 3. ANNUAL ESTIMATES (BUDGET) AND FORWARD PLANNING 4. BUDGETARY CONTROL AND AUTHORITY TO SPEND
More informationInternal Audit Report DOLLIS JUNIOR SCHOOL 27 March 2017
Internal Audit Report DOLLIS JUNIOR SCHOOL 27 March 2017 Report circulated to: Chair of Governors Head Teacher Education & Skills Director Commissioning Director (Children & Young People) Schools Finance
More informationELLINGHAM, HARBRIDGE & IBSLEY PARISH COUNCIL FINANCIAL REGULATIONS. These Financial Regulations were adopted by the Council at its Meeting held on.
109 GREAT RUSSELL STREET LONDON WC1B 3LD ELLINGHAM, HARBRIDGE & IBSLEY PARISH COUNCIL FINANCIAL REGULATIONS These Financial Regulations were adopted by the Council at its Meeting held on. 1. GENERAL 1.1
More informationPremises Management Policy
Kenmore Park Infant & Nursery School Aims Premises Management Policy This document has been adopted by the Governing Body as the basis for the maintenance and upkeep of Kenmore Park Infant & Nursery School.
More informationRAGLAN COMMUNITY COUNCIL FINANCIAL REGULATIONS
RAGLAN COMMUNITY COUNCIL FINANCIAL REGULATIONS These Financial Regulations were adopted by the Council at its Ordinary Meeting held on22nd August 2012 1. GENERAL 1.1 These financial regulations govern
More informationSir Thomas Rich s School FINANCIAL POLICY AND PROCEDURES MANUAL
Sir Thomas Rich s School FINANCIAL POLICY AND PROCEDURES MANUAL The purpose of this manual is to ensure that Sir Thomas Rich s School (STRS) maintains systems of financial control conforming to the requirements
More informationWELLSWAY MULTI ACADEMY TRUST - FINANCE POLICY. Finance Policy
Finance Policy Who is responsible Finance & Resources Committee Statutory policy Yes Review timescale Annual Last review Created on 10 th July 2015 Next review July 2016 Index of Contents Page 1 ORGANISATION
More informationFeltham Hill Infant & Nursery School. Finance Policy
Feltham Hill Infant & Nursery School Finance Policy September 2016 The Finance policy ensures that the school complies with the local authority s financial management guidance and provides accountability
More informationCAERWENT COMMUNITY COUNCIL FINANCIAL REGULATIONS
CAERWENT COMMUNITY COUNCIL FINANCIAL REGULATIONS These Financial Regulations were adopted by the Council at its Meeting held on 11 th April 2013. 1.0 GENERAL 1.1 These financial regulations govern the
More informationThemed Audits Assurance on Financial Planning. Summary Report for Schools
Internal Audit Report Themed Audits Assurance on Financial Planning Summary Report for Schools 2016/17 Issued to: Copied to Simon Newland Assistant Director (Education Provision and Access) Schools Via
More informationScheme of Delegation
The Chatsworth Multi Academy Trust Scheme of Delegation Adopted: 21 st March 2017 Reviewed: 30 th September 2017 To be Reviewed: 30 th September 2018 Mission Statement The Chatsworth Multi Academy Trust
More informationFinance Policy Station Road, Cheddar, Somerset BS27 3AQ Telephone: Fax:
Finance Policy Station Road, Cheddar, Somerset BS27 3AQ Telephone: 01934 742608 Fax: 01934 742757 Email: office@kowessex.co.uk www.kowessex.co.uk Wessex Learning Trust. Registered in England. Company Number
More informationRugby High School Fund Policy
Rugby High School Fund Policy CONTENTS: 1. Background and Purpose 2. Summary and General Requirements 3. Financial and Managerial Framework Type of Fund Management Committee Fund Treasurer Audited Accounts
More informationSchool Financial Management Policy And Code of Practice. November 2015 (Review December 2018)
1 School Financial Management Policy And Code of Practice November 2015 (Review December 2018) 2 AIMS This code of practice brings together, decisions made and systems established, by the Governing Body
More informationRHUDDLAN TOWN COUNCIL FINANCIAL REGULATIONS
RHUDDLAN TOWN COUNCIL FINANCIAL REGULATIONS 1. GENERAL 1.1 These financial regulations govern the conduct of financial management by the Rhuddlan Town Council and may only be amended or varied by resolution
More informationCambridgeshire County Council. Financial Regulations for Schools
Cambridgeshire County Council Financial Regulations for Schools Under Section 151 Local Government Act 1972 and Section 114 Local Government Finance Act 1988 and Section 48 and 49 School Standards and
More informationFinancial Handbook Reviewed by the Trust Board Audit & Risk Committee 6 March 2017
Financial Handbook Reviewed by the Trust Board Audit & Risk Committee 6 March 2017 CONTENTS Part One - CUMBRIA EDUCATION TRUST 1. Organisation 2. Roles and Responsibilities 2.1 The Role of the CEO 2.2
More informationFinance Policy and Procedures Manual
Finance Policy and Procedures Manual Approved Resources Committee Signed.Chair of Finance Reviewed on: 28 th November 2018 Reviewed on: 5 th December 2018 Signed..Chair To be reviewed December 2019 THE
More informationCREATIVITY, RESPONSIBILITY, RESPECT, AND HAPPINESS BLUE COAT CE VA PRIMARY SCHOOL. Finance Policy 2017
CREATIVITY, RESPONSIBILITY, RESPECT, AND HAPPINESS BLUE COAT CE VA PRIMARY SCHOOL Finance Policy 2017 Committee responsible for this policy Resources Policy initially approved by FGB May 2014 Policy reviewed/amended
More informationStanding Financial Instructions
Standing Financial Instructions Version: Final 2018-19 Version Authorisation Committee: Trust Board Date of Authorisation: 31 May 2018 Signature of authorising Committee: Peter Hollins, Trust chairman
More informationKingston Hospital NHS Foundation Trust Standing Financial Instructions
Status: Next Review Date: September 20165 Page 1 Document Information & Control Document Purpose Document Number Document Name Description Target Audience Trust Governance CORP_0002 for the regulation
More informationFinancial Procedures Manual. September 2017
Financial Procedures Manual September 2017 Contents 1. Roles, responsibilities and financial oversight... 1 Framework... 1 Roles and responsibilities... 1 Financial oversight... 4 2. Financial planning
More informationFINANCIAL REGULATIONS
Paper: 09/0311 FINANCIAL REGULATIONS 1 General 1.1 Introduction The College s Board of Management has approved these regulations on the recommendation of the Finance & General Purposes Committee. These
More informationGoffs-Churchgate Academy. Financial Procedures Manual
Goffs-Churchgate Academy Financial Procedures Manual Date of Ratification: 1st December 2017 Owned by: Review: Resources and Workforce Development Committee Annually FINANCIAL PROCEDURES MANUAL Effective
More informationKingstone Academy Trust. Finance Policy. April 2016
Kingstone Academy Trust Finance Policy April 2016 Revised April 2016 Reviewed by Carol Williams, Finance Manager Contents 1) Introduction... 4 2) Governance and Organisation... 4 a) Governance... 4 b)
More informationWoodcroft Primary School Financial Management Policy and Procedures November 2014
Woodcroft Primary School Financial Management Policy and Procedures November 2014 1. Overview... 2 2. Financial Objectives... 2 3. Organisation of responsibility and accountability... 3 3.1. Role of the
More informationFINANCIAL REGULATIONS. Revised 8 June 2017
Revised 8 June 2017 CONTENTS 1 Overview... 4 1.1 Aims, Scope and Interpretation... 4 1.2 Regulatory Framework... 4 2 General Principles... 5 2.1 Integrity and honesty... 5 2.2 Conflict of Interests...
More informationBudget Plan. Audited Annual Accounts (31 August 2015) Financial Reporting
Budget Plan Task Date Body Approve indicative budget for 16/17: 12 May Finance Committee Approve indicative budget for 16/17: 23 June 5 Governing Body Submission academies budget forecast 31 July EFA Audited
More informationGarth Hill College Financial Procedures Manual
Garth Hill College Financial s Manual 27/9/2017 Page 1 Table of Contents MAIN BUDGET... 3 Budget... 3 Budget Virements... 4 Agresso Reports... 4 Imprest... 5 Auto Reconcilliation... 5 Budget Monitoring...
More informationReviewed and Approved by Corporation Dec 2015 Next Review due Nov 2017 FINANCIAL REGULATIONS
Reviewed and Approved by Corporation Dec 2015 Next Review due Nov 2017 FINANCIAL REGULATIONS NOVEMBER 2015 BROCKENHURST COLLEGE FINANCIAL REGULATIONS INDEX Page Financial Control and Accountability - Introduction
More informationPyrford Church of England Primary Academy Trust FINANCE POLICY
Pyrford Church of England Primary Academy Trust FINANCE POLICY Approval Date: 2 October 2017 Review Date: Summer 2018 Pyrford Church of England Primary School Academy Trust Summary Statement of Intent
More informationFinancial Management Policy. The Rosary Catholic Primary School
Aspire, Believe, Achieve: Together in Christ Financial Management Policy The Rosary Catholic Primary School At The Rosary Catholic Primary School; We learn together, We play together, We work together,
More informationCouncil, 4 December 2014 Proposed changes to Financial Regulations and Scheme of Delegation
Council, 4 December 2014 Proposed changes to Financial Regulations and Scheme of Delegation Executive summary and recommendations Introduction The finance systems upgrade project together with forthcoming
More informationInternal Audit Report. HASMONEAN PRIMARY SCHOOL 31 March 2016
Internal Audit Report HASMONEAN PRIMARY SCHOOL 31 March 2016 Report circulated to: Chair of Governors Head Teacher Education & Skills Director Commissioning Director (Children & Young People) Schools Finance
More informationDartmoor Multi Academy Trust Finance Policy. Adopted on the 12 December 2017 To be reviewed January 2019
Dartmoor Multi Academy Trust Finance Policy Adopted on the 12 December 2017 To be reviewed January 2019 1 FINANCIAL POLICY & PROCEDURES Purpose The purpose of this policy and procedures is to ensure that
More informationFinancial Regulations June 2017
Financial Regulations June 2017 Page 1 of 40 Contents 1. Introduction 5 1. Register of Interests 6 2. Accounting system 7 2.1. System Access 7 2.2. Back-up Procedures 7 2.3. Transaction Processing 7 2.4.
More informationScheme of Financial Delegation. Approved August 2012
Scheme of Financial Delegation Approved August 2012 1. INTRODUCTION... 5 2. DEFINITIONS... 6 3. BUDGETARY MANAGEMENT SFIS: SECTION 3... 8 3.1 Approval of Budgets and Plans... 8 3.2 Management of Budgets...
More informationLONDON BOROUGH OF TOWER HAMLETS CHILDRENS, SCHOOLS & FAMILIES DIRECTORATE LA SCHEME FOR FINANCING SCHOOLS 2015/2016
LONDON BOROUGH OF TOWER HAMLETS CHILDRENS, SCHOOLS & FAMILIES DIRECTORATE LA SCHEME FOR FINANCING SCHOOLS 2015/2016 Effective from 1 st April 2015 1 Tower Hamlets LA Scheme for Financing Schools CONTENT
More informationSchedule of matters reserved to the board and scheme of delegation
East Sussex Healthcare NHS Trust Reservation of Powers to the Board and Delegation of Powers November 2017 Administrative guidance notes Schedule of matters reserved to the board and scheme of delegation
More informationDETAILED FINANCIAL POLICIES
DETAILED FINANCIAL POLICIES Document Owner Alan Pond Document Author Alan Pond Version 3.0 Directorate Finance Authorised By (Approval body/manager) Date of Approval July 2015 Governance and Audit Committee
More informationPOLICY ON INTERNAL FINANCIAL CONTROLS
POLICY ON INTERNAL FINANCIAL CONTROLS 1. Introduction By any standards Plymouth College, encompassing both Main and Prep Schools, and their subsidiary activities, is a large organisation. We employ some
More informationBusiness Manager, in conjunction with the Finance Manager, and then by the Operations Committee Next review date Spring term 2018
Version control Drafted / Amended by Reviewed / Approved by 0.1 29/10/13 Simon Gray, Trust Business Manager 0.2 11/11/13 Simon Gray, Trust Business Manager Finance Officer 1.0 14/11/13 Simon Gray, Trust
More informationUNDERWRITING BYELAW. Purpose
UNDERWRITING BYELAW Purpose The purpose of this Byelaw is to implement the proposals of the Chairman s Strategy Group so as to provide the basis for the new Lloyd s market supervision framework for underwriting
More informationTrinity School. Finance Policy
Trinity School Finance Policy DOCUMENT REVIEW GOVERNOR APPROVAL DATE: 7 December 2016 COMMITTEE RESPONSIBLE: RESOURCES COMMITTEE NEXT REVIEW DATE 1 December 2017 Index 1 Introduction and Overview 2 Roles
More informationWARMFIELD CUM HEATH PARISH COUNCIL FINANCIAL REGULATIONS INDEX
WARMFIELD CUM HEATH PARISH COUNCIL FINANCIAL REGULATIONS INDEX 1. GENERAL... 2 2. ACCOUNTING AND AUDIT (INTERNAL AND EXTERNAL)... 5 3. ANNUAL ESTIMATES (BUDGET) AND FORWARD PLANNING... 6 4. BUDGETARY CONTROL
More informationScheme of Delegation for Financial Management
Scheme of Delegation for Financial Management Effective from 10 th February 2015 Contents 1. Introduction... 2 2. Principles of Delegation... 2 2.1 Introduction... 2 2.2 Powers for delegation... 3 3. Financial
More informationLondon Borough of Southwark
London Borough of Southwark Internal Audit Report 2015/16 ADD08 - School Audits Summary of Themes arising from the Internal Audit three-year programme 2012/13 to 2014/15 January 2016 CONTENTS PAGE NO.
More informationNHS TRAFFORD CLINICAL COMMISSIONING GROUP GOVERNING BODY 28 th October 2014
Agenda Item No. 8 Part 1 X Part 2 NHS TRAFFORD CLINICAL COMMISSIONING GROUP GOVERNING BODY 28 th October 2014 Title of Report Purpose of the Report Detailed Financial Policies and Financial Scheme of Delegation
More informationAUDIT (EXTERNAL AND INTERNAL) POLICY
CATHCART AND DISTRICT HOUSING ASSOCIATION LIMITED AUDIT (EXTERNAL AND INTERNAL) POLICY 1. INTRODUCTION This Policy paper takes account of The Scottish Housing Regulator (Scottish Homes) Guidance Notes
More informationBurghfield St Mary s C of E Primary School
Burghfield St Mary s C of E Primary School FINANCE POLICY a caring Christian learning environment that inspires 1 PRACTICE AND PROCEDURES FINANCE POLICY This policy is to be read in conjunction with the
More informationBERGH APTON PARISH COUNCIL FINANCIAL REGULATIONS FEBRUARY 2018
THE NATIONAL ASSOCIATION OF LOCAL COUNCILS 109 GREAT RUSSELL STREET LONDON WC1B 3LD BERGH APTON PARISH COUNCIL FINANCIAL REGULATIONS FEBRUARY 2018 INDEX 1. GENERAL... 2 2. ACCOUNTING AND AUDIT (INTERNAL
More information