Terms of Reference
In conjunction with the Head Teacher to draft the first formal budget plan of the financial year.
To establish and maintain and up to date 3 year financial budget plan.
To monitor income and expenditure, reporting termly to the Governing Body.
To ensure that the school operates within the financial regulations, both locally and nationally.
To monitor expenditure of all voluntary funds.
To annually review charges and remissions policies and expenses policies.
To make decisions in respect to service level agreements.
To make decisions on expenditure following recommendations from relevant committees.
To prepare financial statements for inclusion in any reports to parents.
To ensure as far as practical that any health and safety issues are appropriately funded in accordance with priorities.
To ensure that Pay Review Committee and Pay Appeal Committee decisions are appropriately funded.
Ensure that the school meets Health and Safety requirements and review the school's H&S policy regularly.
Ensure that adequate provision is made to make the building safe and secure.
Ensure that buildings and the learning environment are maintained and fit for purpose.
Oversee the use of premises by outside providers.
Establish and keep under review an asset management/building development plan.
Establish and keep under review an Accessibility Plan.
This committee meets half-termly. When meeting there must be a minimum of 3 governors present for the committee to go ahead and conduct business.
In line with Local Authority guidelines there are agreed financial limits set for expenditure:
A limit of £5,000 is set for any one single item before approval needs to be sought from the Finance and Premises Committee.