Internal Finance Procedures Manual

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Approved by Governors: 
20 June 2019
Due for review: 
June 2020
Author: 
Ruth Morrison

INTERNAL FINANCIAL PROCEDURES MANUAL - POLICY DOCUMENT

Introduction

The purpose of this document is to summarise the policies adopted by the Governing Body in order to discharge its responsibilities for the sound financial management of the school within the financial regulations, standing orders and the scheme for the local management of schools issued by Oxfordshire County Council.

The policy document should be used in conjunction with the Financial Manual of Guidance: Financial regulations for schools with delegated budgets; Control in financial systems and administration in schools – a guide to good practice.

Financial Standards

  1. Organisation of responsibility and accountability
  2. Headteachers role in Financial Control
  3. Budgeting
  4. Internal Control
  5. Insurance
  6. Computer Syste
  7. Purchasing
  8. Personnel and Payroll
  9. Security of assets
  10. Income
  11. Banking arrangements
  12. Petty Cash
  13. Voluntary Funds

External Control

Category: