Part II New framework for maintained schools

Chapter IV Financing of maintained schools

Information

52F1Financial statements: Wales.

(1)

Before the beginning of each F2financial year F2prescribed period a local education authority F3in Wales shall prepare a statement containing such information relating to their planned expenditure in F4that year F4that period as may be prescribed.

F5(1A)

The periods prescribed for the purposes of subsection (1)—

(a)

must consist of one or more funding periods, and

(b)

may include funding periods in respect of which (by virtue of their inclusion in one or more earlier periods prescribed for the purposes of that subsection) information relating to planned expenditure has previously been required under that subsection.

(2)

After the end of each F6financial year F6prescribed period a local education authority F7in Wales shall prepare a statement containing such information with respect to the following matters as may be prescribed—

(a)

the planned expenditure in that F8year F8period specified in the statement prepared by the authority under subsection (1),

(b)

expenditure actually incurred, or treated by the authority as having been incurred, by them in the F8year F8period, F9and

(c)

any other resources allocated by the authority in the F8year F8period to schools maintained by them during any part of the F8year F8period. F10and

(d)

accountable resources held, received or expended in the F8year F8period by any person in relation to a school maintained by the authority.

F11(2A)

In subsection (2)(d), “accountable resources”, in relation to a maintained school, means any resources which are not provided by the local education authority but in respect of which an obligation is imposed on the governing body of the school by virtue of regulations under section 44 of the Education Act 2002 (accounts of maintained schools).

F12(2B)

The periods prescribed for the purposes of subsection (2) must consist of one or more funding periods.

(3)

A statement under this section shall—

(a)

be prepared in such form, and

(b)

be published in such manner and at such times,

as may be prescribed.

(4)

The authority shall furnish the governing body and head teacher of each school maintained by them with a copy of each statement prepared by the authority under this section or, if regulations so provide, with a copy of such part or parts of it as may be prescribed.

(5)

A governing body provided with such a copy under subsection (4) shall secure that a copy of it is available for inspection (at all reasonable times and free of charge) at the school.

(6)

Subsection (5) does not apply to a temporary governing body of a new school at any time before the school opening date.

F1353 Certification of statements by Audit Commission.

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F1453ACertification of statements by Auditor General for Wales

(1)

A local education authority in Wales shall, if directed to do so by the National Assembly for Wales, require the Auditor General for Wales to make arrangements in accordance with section 96B(1)(d) of the Government of Wales Act 1998 for certifying—

(a)

such statement or statements prepared by the authority under section 52 above, or

(b)

such part or parts of any such statement or statements,

as may be specified in the directions; and for the purposes of section 96B(1)(d) of that Act any statement under section 52 above shall be regarded as a return by the authority.

(2)

The arrangements made by the Auditor General for Wales in pursuance of subsection (1) shall include arrangements for sending to the National Assembly for Wales—

(a)

a copy of the statement or statements so certified, or

(b)

a copy of the part or parts so certified,

as the case may be.

(3)

Directions given under subsection (1) may relate to any local education authority or to local education authorities generally or to any class or description of such authority.