copies of such documents should be held with the minutes, e.g. Budget monitoring reports. 1.1.3 Approved Scheme of Delegation Key The and responsibilities of the governing Obtain a copy of the school's delegation of body, any committees, the head teacher and authorisation levels. other members of staff in relation to financial decision making and authorisation should be (Note that this may be the terms of reference for set out in writing within a Scheme of the committees or contained within the finance Delegation. (The scheme of delegation may policy/manual). also incorporate the terms of reference of the committees of the governing body.) Confirm that: The Scheme of Delegation should document those officers who have been delegated 1) The document has been approved by the full authority to authorise expenditure, virements, Governing Body and has been reviewed by the etc. If authority has been delegated to Governing Body annually. curriculum or departmental staff for the certification of ordering and payment, then a list 2) The roles and responsibilities of the governors, the names and sample signatures of current committees, head teacher and other relevant budget holders should be included within the members of staff have been clearly defined in Scheme. relation to financial decision making and administration. 3) Delegation of authorisation levels are specified and also the different levels at which quotations or tenders are to be obtained. 1.1.4 Documented Financial Procedures available Key Schools have many systems for processing Obtain a copy of the school’s financial procedures and recording financial transactions, including manual. governance, purchasing, payroll, contracting services, payroll and income collection. Control Verify that:- over these systems is fundamental in protecting the school from financial loss and 1) The School has detailed procedure notes fraudulent activity. The outputs of the various covering all financial systems and procedures. systems provide governors with invaluable information regarding the performance of the 2) The school’s financial procedures manual has school. been approved for adoption by the full Governing The Governing Body should therefore ensure Body. that the school is working within documented and approved financial procedures in to provide a effective framework within which the school's financial affairs are administrered. 1.2.1 Register of Pecuniary Interests and declarations of interests held
copies of such documents should be held with the minutes, e.g. Budget monitoring reports. 1.1.3 Approved Scheme of Delegation Key The and responsibilities of the governing body, any committees, the head teacher and other members of staff in relation to financial decision making and authorisation should be set out in writing within a Scheme of Delegation. (The scheme of delegation may also incorporate the terms of reference of the committees of the governing body.) The Scheme of Delegation should document those officers who have been delegated authority to authorise expenditure, virements, etc. If authority has been delegated to curriculum or departmental staff for the certification of ordering and payment, then a list the names and sample signatures of current budget holders should be included within the Scheme. Obtain a copy of the school's delegation of authorisation levels. (Note that this may be the terms of reference for the committees or contained within the finance policy/manual). Confirm that: 1) The document has been approved by the full Governing Body and has been reviewed by the Governing Body annually. 2) The roles and responsibilities of the governors, committees, head teacher and other relevant members of staff have been clearly defined in relation to financial decision making and administration. 3) Delegation of authorisation levels are specified and also the different levels at which quotations or tenders are to be obtained. 1.1.4 Documented Financial Procedures available Key Schools have many systems for processing and recording financial transactions, including governance, purchasing, payroll, contracting services, payroll and income collection. Control over these systems is fundamental in protecting the school from financial loss and fraudulent activity. The outputs of the various systems provide governors with invaluable information regarding the performance of the school. The Governing Body should therefore ensure that the school is working within documented and approved financial procedures in to provide a effective framework within which the school's financial affairs are administrered. Obtain a copy of the school’s financial procedures manual. Verify that:- 1) The School has detailed procedure notes covering all financial systems and procedures. 2) The school’s financial procedures manual has been approved for adoption by the full Governing Body. 1.2.1 Register of Pecuniary Interests and declarations of interests held
NEW-SCHOOL-TEST-PROGRAMME.docx