Budgets

Finance Procedures and key information for budget holders are set out here and covers:

• What your responsibilities are if you are a budget holder.

• What level of spending you can approve - higher levels of spend will require additional approvals in line with the School delegations.

• What things you should consider when commiting spend - to deliver and protect value for money for the School.  Some types of spend may need a business case to demonstrate how these considerations have informed recommendations or decisions.

• How and when to recharge costs to parents

• What expenses you can reclaim and how

• How to order and pay for items

Budget requirements are gathered each year before Easter, with final department budgets confirmed before the end of Summer term.  During the year, finance will issue half termly spend reports so you can track and monitor spend to ensure you remain within budget.