This is policy area comes under National Education & Training Act 2020
According to legislation on financial and property matters, each board of trustees is also required in particular to:
allocate funds to reflect the school's priorities as stated in the charter;
monitor and control school expenditure, and ensure that annual accounts are prepared and audited as required by the Public Finance Act 1989 and the Education Act 1989; and
comply with the negotiated conditions of any current asset management agreement, and implement a maintenance programme to ensure that the school's buildings and facilities provide a safe, healthy learning environment for students.