Part II New framework for maintained schools
C1C2C3C4 Chapter IV Financing of maintained schools
Pt. 2 Ch. 4 applied (with modifications) (W.) (12.4.2010) by The Federation of Maintained Schools and Miscellaneous Amendments (Wales) Regulations 2010 (S.I. 2010/638), regs. 1(1), 74, 75
Pt. 2 Ch. 4 applied (E.) (1.9.2012) by The School Governance (Federations) (England) Regulations 2012 (S.I. 2012/1035), regs. 1, 28 (with reg. 2)
Pt. 2 Ch. 4 applied (W.) (22.5.2014) by The Federation of Maintained Schools (Wales) Regulations 2014 (S.I. 2014/1132), regs. 1(1), 77, 78
Information
52F10Financial statements: Wales.
1
F61A
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 F13education expenditure has previously been required under that subsection.
2
After the end of each F7financial yearF7prescribed period a F15local authorityF12in Wales shall prepare a statement containing such information with respect to the following matters as may be prescribed—
a
b
c
F32A
In subsection (2)(d), “accountable resources”, in relation to a maintained school, means any resources which are not provided by the F15local 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).
F92B
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.
F147
In this section “education expenditure” has the same meaning as in section 45A.
Pt. 2 Ch. 4 (ss. 45-53) modified (20.11.1998) by S.I. 1998/2670, reg. 3(1)(3)