1.3.11 School Fund/Other non-government funds e.g. trusts The Governing Body is responsible for the voluntary unofficial fund. Although the school’s voluntary unofficial fund is not public money, the principles of sound financial management outlined in this policy apply equally. This requires the proper minuting of all decisions taken by the Governing Body. The objectives of the School Fund are to enable the school to function financially with funds not normally allocated by the LA. This includes income received from a variety of proper sources and payments made for the purchase of educational goods etc and the provision of services outside the scope of the budget share. 1.3.12 Petty Cash No petty cash held. 1.3.13 De minimis level for capitalisation Items of a capital nature (as defined by WBC) must be charged to the appropriate Capital Fund. The Governing Body has own de minimis of £500. set it’s INSTRUCTIONS TO OFFICE STAFF ON FINANCIAL PROCEDURES 2.1 Table of responsibilities and short/longer term cover arrangements Member of staff orders payments cheques Inventory Headteacher Signing Authorising Signing Authorising and authorising write-offs Deputy Signing Authorising Absence Absence cover Headteacher cover - authorising write-offs signing Finance Officer Signing up to Processing Preparing Administration and £500 and and second annual report processing signature Office Manager Processing Absence Second N/A cover - signature processing Admin Assistant Processing Absence N/A Administration cover - processing Teaching assistant N/A N/A N/A Administration (Reciprocal Absence cover - Absence Absence Absence cover agreement) processing cover - cover administration and processing preparing annual report Finance officer, Garland Junior school
1.3.11 School Fund/Other non-government funds e.g. trusts The Governing Body is responsible for the school’s voluntary unofficial fund. Although the voluntary unofficial fund is not public money, the principles of sound financial management outlined in this policy apply equally. This requires the proper minuting of all decisions taken by the Governing Body. The objectives of the School Fund are to enable the school to function financially with funds not normally allocated by the LA. This includes income received from a variety of proper sources and payments made for the purchase of educational goods etc and the provision of services outside the scope of the budget share. 1.3.12 Petty Cash No petty cash held. 1.3.13 De minimis level for capitalisation Items of a capital nature (as defined by WBC) must be charged to the appropriate Capital Fund. The Governing Body has set it’s own de minimis of £500. INSTRUCTIONS TO OFFICE STAFF ON FINANCIAL PROCEDURES 2.1 Table of responsibilities and short/longer term cover arrangements Member of staff orders payments cheques Inventory Headteacher Signing Authorising Signing Authorising and authorising write-offs Deputy Headteacher Signing Authorising Absence cover - signing Absence cover authorising write-offs Finance Officer Signing up to £500 and processing Processing Preparing and second signature Administration and annual report Office Manager Processing Absence cover - processing Second signature N/A Admin Assistant Processing Absence cover - processing N/A Administration Teaching assistant N/A N/A N/A Administration (Reciprocal agreement) Finance officer, Garland Junior school Absence cover - processing Absence cover - processing Absence cover preparing Absence cover administration and annual report
financeincludinglettings-june2014.docx