Financial Management

Purpose

To effectively use the school’s financial resources to achieve the objectives outlined in the charter.

Guidelines

· An annual budget will be produced for Board approval.

· Monthly reports will be checked for accuracy.

· All payments will be ratified at a BOT meeting. Spending to be reported at monthly BOT meeting.

· Annual accounts will be prepared for audit.

· Money will be allocated to meet school needs.

· Syndicates will be allocated an amount of money and allocated as they see fit.

· Syndicate leaders will monitor expenditure.

· Principal responsible for areas other than syndicate budgets

· All school purchases will be made using an order number signed by syndicate leader or principal as appropriate.

· Items over $1,000 will be referred to BOT for approval.

· All school accounts will be coded and checked each month.

Note

This policy replaces programme budgeting for curriculum delivery

Reviewed March 1999

Reviewed May 2002