FINANCE COMMITTEE TIMETABLE
January:
• Review of 3rd quarter income and expenditure statement.
• Budget review in light of 3rd quarter results.
• Recommend for approval to full GB
• Consideration of draft budget for new financial year
March:
• Update – current financial year variances.
• Approval of budget for new financial year.
April:
• Review year-end and approve draft accounts (subject to audit)
• Approval of budget for new financial year updated with actual figures and last year’s outturn.
July:
• Review 1st quarter income and expenditure statement
October:
• Approval of draft Audit report and formation of action plan if required.
• Approval of final year end accounts prior to submission to full Governing Body
• Review of 2nd quarter income and expenditure statement.
• Budget review in light of half-yearly report.
Other Topics:
Agree proposed salary reviews:
Teaching staff
Support Staff
Contracts:
Regular reviews and reconsideration: e.g. Catering : Audit: Grounds: Payroll: Cleaning
Finance Manual:
Review periodically
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Academy Status
