scheme-for-financing-schools-in-lancashire-final-july-2021
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scheme-for-financing-schools-in-lancashire-final-july-2021
SCHEME FOR FINANCING SCHOOLS IN LANCASHIRE44378LancashireCountywww.lancashire.gov.ukContents1.INTRODUCTION1.1 1.2 1.2.1 1.3 1.4 1.5 1.6The funding fra scheme-for-financing-schools-in-lancashire-final-july-2021 amework The role of the scheme Application of the scheme to the Authority and maintained schools Publication of the scheme Revision of the scheme Delegation of powers to the head teacher Maintenance of schools2.FINANCIAL CONTROLS2.1.1 2.1.2 2.1.3 2.1.4 2.1.5 2.1.6 2.2 2.3 2.3.1 2.4 2.5 2.6 2.7 2.8 2 scheme-for-financing-schools-in-lancashire-final-july-2021 .9 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17Application of financial controls to schools Provision of financial information and reports Payment of salarscheme-for-financing-schools-in-lancashire-final-july-2021
ies; payment of bills Control of assets Accounting policies (including year-end procedures) Writing off of debts Basis of accounting Submission of budSCHEME FOR FINANCING SCHOOLS IN LANCASHIRE44378LancashireCountywww.lancashire.gov.ukContents1.INTRODUCTION1.1 1.2 1.2.1 1.3 1.4 1.5 1.6The funding fra scheme-for-financing-schools-in-lancashire-final-july-2021 funds Register of business interests Purchasing, tendering and contracting requirements Application of contracts to schools Central funds and earmarking Spending for the purposes of the school Capital spending from budget shares Notice of concern Schools Financial Value standard (SFVS) Fraud3.INSTA scheme-for-financing-schools-in-lancashire-final-july-2021 LMENTS OF BUDGET SHARE; BANKING ARRANGEMENTS3.1 3.2 3.3 3.3.1 3.4 3.5 3.5.1 3.6 3.7Frequency of instalments Proportion of budget share payable at eachscheme-for-financing-schools-in-lancashire-final-july-2021
instalment Interest clawback Interest on late budget share payments Budget shares for closing schools Bank and building society accounts RestrictionsSCHEME FOR FINANCING SCHOOLS IN LANCASHIRE44378LancashireCountywww.lancashire.gov.ukContents1.INTRODUCTION1.1 1.2 1.2.1 1.3 1.4 1.5 1.6The funding fra scheme-for-financing-schools-in-lancashire-final-july-2021 .4 4.5 4.6 4.7 4.8 4.9 4.10Right to carry forward surplus balances Controls on surplus balances Interest on surplus balances Obligation to carry forward deficit balances Planning for deficit balances Charging of interest on deficit balances Writing off deficits Balances of closing and replacement sc scheme-for-financing-schools-in-lancashire-final-july-2021 hools Licensed deficits Loan schemes5.INCOME5.1 5.2 5.3 5.4 5.5Income from lettings Income from fees and charges Income from fund raising activities Ischeme-for-financing-schools-in-lancashire-final-july-2021
ncome from the sale of assets Purposes for which income may be used6.THE CHARGING OF SCHOOL BUDGET SHARES6.1 6.1.1 6.2 6.3General provision Charging oSCHEME FOR FINANCING SCHOOLS IN LANCASHIRE44378LancashireCountywww.lancashire.gov.ukContents1.INTRODUCTION1.1 1.2 1.2.1 1.3 1.4 1.5 1.6The funding fra scheme-for-financing-schools-in-lancashire-final-july-2021 eme8.THE PROVISION OF SERVICES AND FACILITIES BY THE AUTHORITY8.1 8.2 8.2.1 8.3 8.4Provision of services from centrally retained budgets Provision of services bought back from the authority using delegated budgets Packaging Service level agreements Teachers Pensions9.PFI CLAUSES10.INSURANCE10.1 10.2 scheme-for-financing-schools-in-lancashire-final-july-2021 10.3Delegation of Insurance Voluntary Aided Schools Changes in Circumstances210.4Notification of Claims10.5Additional Cover10.6'ln-house' Carrying ofscheme-for-financing-schools-in-lancashire-final-july-2021
risk by Schools10.7Risk Protection Arrangement (RPA)11.MISCELLANEOUS11.1Right of access to information11.2Liability of governors11.3Governors' allowaSCHEME FOR FINANCING SCHOOLS IN LANCASHIRE44378LancashireCountywww.lancashire.gov.ukContents1.INTRODUCTION1.1 1.2 1.2.1 1.3 1.4 1.5 1.6The funding fraSCHEME FOR FINANCING SCHOOLS IN LANCASHIRE44378LancashireCountywww.lancashire.gov.ukContents1.INTRODUCTION1.1 1.2 1.2.1 1.3 1.4 1.5 1.6The funding fraGọi ngay
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