Part II New framework for maintained schools
C1 Chapter IV Financing of maintained schools
Information
52 Financial statements.
1
F81A
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 expenditure has previously been required under that subsection.
2
After the end of each F9financial yearF9prescribed period a local education authority 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 local education 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).
F112B
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.
53 Certification of statements by Audit Commission.
1
A local education authority F5in England shall, if directed to do so by the Secretary of State, require the Audit Commission for Local Authorities and the National Health Service in England and Wales to make arrangements in accordance with section 28(1)(d) of the M1Audit Commission Act 1998 for certifying—
a
such statement or statements prepared by the authority under section 52 above, or
b
such part or parts of any such statement or statements,
as may be specified in the directions; and for the purposes of section 28(1)(d) of that Act any statement under section 52 above shall be treated as a return by the authority.
2
The arrangements made by the Audit Commission in pursuance of subsection (1) shall include arrangements for sending to the Secretary of State—
a
a copy of the statement or statements so certified, or
b
a copy of the part or parts so certified,
as the case may be.
3
Directions given under subsection (1) may relate to any local education authority or to local education authorities generally or to any class or description of such authorities.
53AF4Certification of statements by Auditor General for Wales
1
A local education authority in Wales shall, if directed to do so by the National Assembly for Wales, require the Auditor General for Wales to make arrangements in accordance with section 96B(1)(d) of the Government of Wales Act 1998 for certifying—
a
such statement or statements prepared by the authority under section 52 above, or
b
such part or parts of any such statement or statements,
as may be specified in the directions; and for the purposes of section 96B(1)(d) of that Act any statement under section 52 above shall be regarded as a return by the authority.
2
The arrangements made by the Auditor General for Wales in pursuance of subsection (1) shall include arrangements for sending to the National Assembly for Wales—
a
a copy of the statement or statements so certified, or
b
a copy of the part or parts so certified,
as the case may be.
3
Directions given under subsection (1) may relate to any local education authority or to local education authorities generally or to any class or description of such authority.
Pt. 2 Ch. 4 (ss. 45-53) modified (20.11.1998) by S.I. 1998/2670, reg. 3(1)(3)