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Governor Approved Spending Plans
Detailed below are some frequently asked questions regarding governor approved spending plans:
- Why do we have to submit an annual spending plan?
- When do we have to submit the governor approved spending plan?
- What information do you require?
- Who can help me?
- What if we can’t balance our budget?
Why do we have to submit an annual spending plan?
It is the responsibility of the school’s governing body to manage planned levels of expenditure within their available resources and the Local Authority has to ensure that schools are doing just that.
The Local Authority also has a statutory duty to ensure that public funds are spent effectively and to monitor financial management arrangements in schools.
In order to set the budget the school’s governing body must approve the spending plan and then submit it to the Local Authority. This is usually known as the governor approved spending plan.
When do we have to submit the governor approved spending plan?
The governor approved spending plans for the 2008/09 financial year must be submitted to the Local Authority by Friday 2nd May.
What information do you require?
We require an electronic version of your spending plan together with a signed, hard copy of the summary sheet.
To send us your electronic version of the spending plan you can either:
- Copy it onto a disc and send it to CYPD, Resources and Development, Financial Services, Floor 5, Derwent House, 150 Arundel Gate, Sheffield S1 2JY.
Or
- E-mail it to Financial Services at schoolfinreturns@sheffield.gov.uk
To print the summary sheet, for signing, go to the main menu, select “Reporting” and then the “Local Authority Return” option. This will print a summary of your spending plan with an area for the headteacher and chair of governors to sign. Please send this to:
Richard Hallam, CYPD, Resources and Development, Financial Services, Floor 5, Derwent House, 150 Arundel Gate, Sheffield S1 2JY.
Please ensure that you save the version, you submit to us, separately from any other versions you may work on to avoid it being overwritten. This is because we may need to contact you about your governor approved spending plan and you will need your copy to refer back to.
Who can help me?
If you require any further help submitting your spending plan or are unsure what to send in then please contact:the Financial Services Support Desk on 2736270 or you can e-mail them at finhelpdesk@sheffield.gov.uk.
What if we can’t balance our budget?
If you are unable to balance your budget the following link will give you further information and guidance on balancing your budget and what to do if you still can’t:
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