5(1)A statement prepared by a local education authority under section 124(1) shall give the following particulars in respect of the financial year to which it relates—E+W
(a)the initial amount appropriated for meeting expenditure in the year in respect of all the schools required to be covered by the statement,
(b)the amount remaining after deducting from that initial amount the aggregate of the amounts referred to in sub-paragraph (2), and
(c)such particulars as may be prescribed of the amounts referred to in sub-paragraph (2).
(2)Those amounts are the initial amounts appropriated for meeting the following descriptions of expenditure in the year in respect of all the schools required to be covered by the statement—
(a)expenditure treated by the authority as expenditure of a capital nature,
(b)expenditure in respect of the repayment of the principal of, the payment of interest on and the discharge of any other financial obligation in connection with any loan used to meet expenditure falling within paragraph (a), and
(c)expenditure of such other descriptions as may be prescribed.