SCHEDULES

SCHEDULE 18Further amendments related to provisions of Part 4

School Standards and Framework Act 1998 (c. 31)

I17

In section 48 of the School Standards and Framework Act 1998 (LEAs' financial schemes) in subsection (2)(a) for “financial year” substitute “ funding period ”.

I28

In section 50 of the School Standards and Framework Act 1998 (effect of financial delegation) in subsection (1)—

a

for “financial year” substitute “ funding period ”,

b

for “that year” substitute “ that period ”, and

c

in paragraphs (a) and (b) for “year”, wherever occurring, substitute “ period ”.

I39

In section 51A of the School Standards and Framework Act 1998 (expenditure incurred for community purposes) in subsection (2) for “financial year” substitute “ funding period ”.

I410

1

Section 52 of the School Standards and Framework Act 1998 (financial statements) is amended as follows.

2

In subsection (1)—

a

for “financial year” substitute “ prescribed period ”, and

b

for “that year” substitute “ that period ”.

3

After subsection (1) insert—

1A

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.

4

In subsection (2)—

a

for “financial year” substitute “ prescribed period ”, and

b

in paragraphs (a) to (d), for “year” substitute “ period ”.

5

After subsection (2A) insert—

2B

The periods prescribed for the purposes of subsection (2) must consist of one or more funding periods.

I511

1

In Schedule 15 to the School Standards and Framework Act 1998 (suspension of financial delegation), paragraph 2 is amended as follows.

2

In sub-paragraph (1)(a)—

a

for “financial year” substitute “ funding period ”, and

b

for “that year” substitute “ that period ”.

3

In sub-paragraph (3), for “financial year”, in both places where it occurs, substitute “ funding period ”.