Timetable & Deadlines
2008/09 Termly Receipts & Payments & Revised Forecast Statements
It has been agreed with the Schools Forum that for the 2008/09 financial year the timetable for the submission of quarterly returns, as published in the Scheme for Financing Schools and the Financial Handbook for Schools, (Part IV 3.3) will be varied to a termly timetable.
For the financial year 2008/9, instead of four quarterly financial returns, schools will be required to submit three returns, one after the end of each term. The content of the in year termly returns will be the same as previously required for the in year quarterly returns, but to a revised reporting schedule as detailed below:
Year to end of |
Period |
Submission date |
Summer term |
1 April -31 August |
15 October |
Autumn term |
1 April - 31 December |
15 February |
The timetable for the submission of the 2008/9 financial year end returns will be published in due course.
Schools will be consulted with in the autumn on a decision to make this a permanent change to the timetable for submission of financial returns - to take effect, if agreed, from 2009/10.
Governing bodies are directly responsible for the financial stewardship of their schools and therefore for ensure ensuring that an effective monitoring cycle is in place. This change to the authority's monitoring cycle does not, therefore, impact on the local management of schools finance. This change relates only to the reporting requirements of the authority, and schools may continue to have or wish to add local monitoring reports as part of their school governance, in order to meet the requirements of their governing bodies.
End of Year Statement of Accounts
Nursery Schools - tba
Special Schools - tba
Primary Schools - tba
Middle Schools - tba
Secondary Schools - tba
Approved Budget Return 2009/10
31 May 2009
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