Part II New framework for maintained schools
C1 Chapter IV Financing of maintained schools
Budgetary framework
C245AF1Determination of specified budgets of LEA
1
For the purposes of this Part, a local education authority’s
“LEA budget” for a F4financial yearF4relevant period is the amount appropriated by the authority for meeting all
expenditure by the authority in F5that yearF5that period of a class or description prescribed for the purposes of this subsection.
F61A
In subsection (1) “relevant period” means a financial year or such other period as may be prescribed.
2
For the purposes of this Part, a local education
authority’s “schools budget” for a F7financial yearF7funding period is the amount appropriated by the
authority for meeting all expenditure by the authority in F8that yearF8that period of a class or description prescribed for the purposes of this
subsection (which may include expenditure incurred otherwise than in respect of schools).
F92A
The amount referred to in subsection (2) includes the amount of any grant which is appropriated, for meeting the expenditure mentioned in that subsection, in accordance with a condition which—
a
is imposed under section 16 of the Education Act 2002 (terms on which assistance under section 14 of that Act is given) or any other enactment, and
b
requires that the grant be applied as part of the authority's schools budget for the funding period.
3
For the purposes of this Part, a local education authority’s
“individual schools budget” for a F10financial yearF10funding period is the amount remaining after deducting from
the authority’s schools budget for F11that yearF11that period such planned expenditure by the authority in respect of F11that yearF11that period as they may determine
should be so deducted in accordance with regulations.
4
Regulations under subsection (3) may—
a
prescribe classes or descriptions of expenditure which are authorised or required to be deducted from an authority’s schools budget;
b
provide, in relation to any prescribed class or description of expenditure specified in the regulations, that such expenditure may only be deducted subject to either or both of the following, namely—
i
such limit or limits (however framed) as may be specified by or determined in accordance with the regulations, and
ii
such other conditions as may be so specified or determined.
F124A
Regulations under subsection (3) may also make provision—
a
enabling any expenditure falling outside any classes or descriptions of expenditure prescribed by virtue of subsection (4)(a) to be deducted from the authority's schools budget if the deduction of such expenditure is authorised, on the application of the authority, by the authority's schools forum or the Secretary of State, and
b
enabling any limit or condition that would otherwise apply by virtue of subsection (4)(b)(i) or (ii) to be varied or excluded, on the application of the authority, by the authority's schools forum or the Secretary of State.
5
a
determine the proposed amount of their schools budget for the following
financial year, and
b
give notice of their determination to the Secretary of State and to the
governing body of every school maintained by the authority.
F26
F13For the purposes of this section and section 45B “the schools budget deadline” is—
a
the end of December in the case of an authority in England, and
b
the end of January in the case of an authority in Wales.
Pt. 2 Ch. 4 (ss. 45-53) modified (20.11.1998) by S.I. 1998/2670, reg. 3(1)(3)