NAG 4: FINANCE AND PROPERTY

TRENTHAM SCHOOL POLICY

ON

FINANCE AND PROPERTY

Reviewed by Finance– August 2021

Reviewed by BOT – August 2021

Ratified by BOT – August 2021

Next review date – July 2024

RATIONALE

Trentham School Board of Trustees will comply with the regulations as set out in the National Administration Guidelines 3 to ensure a safe and healthy learning environment for children

INTENT

To maximise the benefits for learning by appropriate allocation of funding; and careful control of resources.

GUIDELINES

1. The Board will have written Statements of Intent, which will be practiced and regularly reviewed.

Applications for Funding

Cash Handling

Disposal of Surplus Assets

Finance

Financial Delegations

Investments

Property Management and Assets

Theft and Fraud

2. The Board will allocate funds to reflect the priorities identified in the School Charter and Strategic Plan.

3. The Operational Plan and Annual Budget will be finalized as close to November as possible each year.

4. The Board will ensure that management procedures for monitoring and controlling expenditure are practiced, including - fundraising; accounting systems (including petty cash and banking); investments; ordering and spending on resources; capital assets.

5. The Board will ensure the annual accounts are prepared and audited as required by the Education Act 1989 and the Crown Entities Act 2004.

6. The Board will comply with the current Asset Management, including the Property Occupancy Agreement. The Board will have a Long-Term Property Management Plan documenting this responsibility.

7. Buildings, facilities and grounds at Trentham School will be maintained, safe and healthy.