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Finance

Committee Members

Mr Steve Rea - Chair

Mr Richard Kieran - Head Teacher

Mr Andrew Jackman

Mrs Rochelle Archer

Mrs Sue Howie

Miss Linda Hall - Clerk

Terms of Reference

 

  • 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
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