In consultation with the Headteacher, to draft the first formal budget plan of the financial year
To establish and maintain an up to date 3 year financial plan
To consider a budget position statement including virement decisions at least termly and to report significant anomalies from the anticipated position to the Governing Body
To ensure that the school operates within the Financial Regulations of the County Council
To monitor expenditure of all voluntary funds kept on behalf of the Governing Body
To annually review charges and remissions policies and expenses policies.
To make decisions in respect of service agreements
To make decisions on expenditure following recommendations from other committees
To ensure, as far as is practical, that Health and Safety issues are appropriately prioritised
To determine whether sufficient funds are available for pay increments as recommended by the Headteacher
In the light of the Headteacher Performance Management Group’s recommendations, to determine whether sufficient funds are available for increments
To annually review the Finance Policy and having taken the opportunity to ask the Head Teacher probing questions make recommendations to the Governing Body on whether it would be reasonable to confirm on the SIC that “they have undertaken a thorough self-evaluation of the internal control systems in operation during the year”
Unfortunately not the ones with chocolate chips.
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