FINANCE AND PROCEDURES POLICY

Jun 21st, 2015
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The Role of the Governing Body- The Governing Body is collectively responsible for setting educational and financial priorities to provide a strategic view of how the School will effectively use the financial resources under its control to raise standards of achievement and promote effective teaching and learning.

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FINANCE AND PROCEDURES POLICY AIMSKingsland C E Primary School recognises the need for good financial control over the schools resources and has formulated this policy as the basis for the administration and management of finances and to clarify the procedures for the management of the schools budget. The aim of the policy is to create a framework within which individual members of staff, Governors and other interested parties, can exercise financial management in an efficient and effective way and so provide optimum benefit for all pupils.ROLES AND RESPONSIBILITIESThe Role of the Governing BodyThe Governing Body is collectively responsible for setting educational and financial priorities to provide a strategic view of how the School will effectively use the financial resources under its control to raise standards of achievement and promote effective teaching and learning.The Governing Body oversees that procedures are in place which ensure accountability for and the proper stewardship of the public money delegated to the School.The Governing Body will:consider the annual budget plan and the 3 year financial plan, approve the budget and consider and approve any proposed revisions to the budget plan.establish and review annually the financial limits of delegated authority.to monitor and evaluate the effectiveness of the schools financial management procedures and ensure that the schools financial arrangements comply

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