Part 3

Maintained schools
Chapter 2

Financing of maintained schools

Accounts and financial statements

Financial statements
45
1
Section 52 of the School Standards and Framework Act 1998 (c. 31) (financial statements by local authority ) is amended as follows.
2
In subsection (2), the word “and” at the end of paragraph (b) is omitted and after paragraph (c) there is inserted
and
d
accountable resources held, received or expended in the year by any person in relation to a school maintained by the authority.
3
After subsection (2) there is inserted—
2A
In subsection (2)(d), “accountable resources”, in relation to a maintained school, means any resources which are not provided by the local 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).
S. 45 in force at 1.4.2003 except in relation to W. by S.I. 2003/124, art. 4
Words in Act substituted (5.5.2010) by The Local Education Authorities and Children’s Services Authorities (Integration of Functions) Order 2010 (S.I. 2010/1158), art. 1, Sch. 2 para. 11(2)