Part II New framework for maintained schools
C1Chapter IV Financing of maintained schools
Information
52 Financial statements.
1
Before the beginning of each financial year a local education authority shall prepare a statement containing such information relating to their planned expenditure in that year as may be prescribed.
2
After the end of each financial year a local education authority shall prepare a statement containing such information with respect to the following matters as may be prescribed—
a
the planned expenditure in that year specified in the statement prepared by the authority under subsection (1),
b
expenditure actually incurred, or treated by the authority as having been incurred, by them in the year, and
c
any other resources allocated by the authority in the year to schools maintained by them during any part of the year.
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.
Pt. II, Chapter IV (ss. 45-53) modified (20.11.1998) by S.I. 1998/2670, reg. 3(1)(3)