Part II New framework for maintained schools

C2C3C4C5 Chapter IV Financing of maintained schools

Annotations:
Modifications etc. (not altering text)
C2

Pt. 2 Ch. 4 (ss. 45-53) modified (20.11.1998) by S.I. 1998/2670, reg. 3(1)(3)

F8Local authority schemes

Annotations:
Amendments (Textual)
F8

Words in Act substituted (5.5.2010) by The Local Education Authorities and Children’s Services Authorities (Integration of Functions) Order 2010 (S.I. 2010/1158), art. 1, Sch. 2 para. 10(2) (with Sch. 2 para. 10(4))

C148F9Local authorities’ financial schemes.

1

Each F8local authority shall F4maintain a scheme dealing with such matters connected with the financing of the schools maintained by the authority F1or the exercise by the governing bodies of those schools of the power conferred by section 27 of the Education Act 2002 (power of governing body to provide community facilities etc.) as are required to be dealt with in the scheme by or by virtue of—

a

regulations made by the Secretary of State; or

b

any provision of this Part.

2

Regulations under subsection (1) may, in particular, require a scheme to deal with—

a

the carrying forward from one F3funding period to another of surpluses and deficits arising in relation to schools’ budget shares;

b

amounts which may be charged against schools’ budget shares;

c

amounts received by schools which may be retained by their governing bodies and the purposes for which such amounts may be used;

d

the imposition, by or under the scheme, of conditions which must be complied with by schools in relation to the management of their delegated budgets, including conditions prescribing financial controls and procedures;

F2dd

the imposition, by or under the scheme, of conditions which must be complied with by schools in relation to the exercise of the power mentioned in subsection (1), including conditions prescribing financial controls and procedures;

e

terms on which services and facilities are provided by the authority for schools maintained by them.

3

Where there is any inconsistency between a scheme F5maintained by a F8local authority under subsection (1) and any other rules or regulations made by the authority which relate to the funding or financial management of schools which they maintain, the terms of the scheme shall prevail.

4

Schedule 14 (which provides for F6... the revision of schemes) shall have effect.

5

In this Part any reference to “the scheme”, in relation to a maintained school, is a reference to F7the scheme for the time being maintained under this section.