The School Boards (Financial Information) (Scotland) Regulations 1990

Explanatory Note

(This note is not part of the Regulations)

These Regulations prescribe the form in which financial statements are to be provided by an education authority to a school board for the purposes of section 17(4) of the School Boards (Scotland) Act 1988. The information required to be provided to a school board under that provision is an annual statement of the monies paid out by the education authority in the previous financial year in respect of the running costs of and capital expenditure on the school (referred to in the Regulations as “the outturn statement”) and an annual statement of the monies proposed to be paid out by the authority in respect of such costs and expenditure on the school in the financial year in which the statement is made (referred to in the Regulations as “the budget statement”). The Regulations also prescribe the dates by which such statements must be provided.

Regulation 3(1) prescribes that the budget and outturn statements are to be provided in accordance with the form set out in the Schedule to the Regulations.

Regulation 3(2) prescribes that in the financial year in which the Regulations come into force (ie financial year 1990/91), the budget statement is to be provided by 1st September and, in each subsequent financial year, by 5th April.

Regulation 3(3) prescribes that the outturn statement is to be provided by 1st September in each financial year, commencing in the financial year in which the Regulations come into force.