Regular monitoring of the school’s financial management and information will have to be provided by the school to LA officers and Finance Officers to enable this monitoring to take place. 4.8 LOAN SCHEMES The authority does not currently have a loan scheme. FAIR FUNDING: SCHEME FOR FINANCING SCHOOLS 5. INCOME 5.1 INCOME FROM LETTINGS Schools may retain income from lettings of the school premises that would otherwise accrue to the LA, subject to alternative provisions arising from any joint use agreement. Schools may cross-subsidise lettings for community and voluntary use with income from other lettings, provided there is no net cost to the budget share. In accordance with the School Standards and Framework Act 1998 the LA may from time to time give advice and directions about the use of school premises out of school hours; Governing Bodies must comply with any such direction made by the LA. Income from lettings of school premises may not be paid into voluntary or private funds held by the school. 5.2 INCOME FROM FEES AND CHARGES Schools may retain income from fees and charges except where a service is provided by the LA from centrally retained funds. Schools must have regard to any policy statements on charging produced by the LA, such as those outlined in Annex 4. 5.3 INCOME FROM FUND-RAISING ACTIVITIES Schools may retain income from fund-raising activities.
Regular monitoring of the school’s financial management and information will have to be provided by the school to LA officers and Finance Officers to enable this monitoring to take place. 4.8 LOAN SCHEMES The authority does not currently have a loan scheme. FAIR FUNDING: SCHEME FOR FINANCING SCHOOLS 5. INCOME 5.1 INCOME FROM LETTINGS Schools may retain income from lettings of the school premises that would otherwise accrue to the LA, subject to alternative provisions arising from any joint use agreement. Schools may cross-subsidise lettings for community and voluntary use with income from other lettings, provided there is no net cost to the budget share. In accordance with the School Standards and Framework Act 1998 the LA may from time to time give advice and directions about the use of school premises out of school hours; Governing Bodies must comply with any such direction made by the LA. Income from lettings of school premises may not be paid into voluntary or private funds held by the school. 5.2 INCOME FROM FEES AND CHARGES Schools may retain income from fees and charges except where a service is provided by the LA from centrally retained funds. Schools must have regard to any policy statements on charging produced by the LA, such as those outlined in Annex 4. 5.3 INCOME FROM FUND-RAISING ACTIVITIES Schools may retain income from fund-raising activities.