Part II New framework for maintained schools
C2 Chapter IV Financing of maintained schools
Local education authority schemes
C148 LEAs’ financial schemes.
1
Each local education authority shall F4prepareF4maintain 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
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 powermentioned 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 F5preparedF5maintained by a local education 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 F6the approval or imposition of schemes by the Secretary of State and for 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 prepared (or by virtue of paragraph 1(6) of Schedule 14 treated as prepared) by the local
education authority under this section, as from time to time revised under paragraph 2 of that ScheduleF7the scheme for the time being maintained under this section.
Pt. 2 Ch. 4 (ss. 45-53) modified (20.11.1998) by S.I. 1998/2670, reg. 3(1)(3)