Annexe 6 Financial regulations for schools - SchoolsOnline

12. Glossary of Terms
DCSF
School
LA
Devolved Management of Schools Scheme
of Delegation (The Scheme)
School Finance Manual
Financial Procedures Manual
Governors' Scheme of Delegation
Capital Expenditure
Revenue Expenditure
Non-LA Activities
Business Interest
Department for Children, Schools and Families
Governing body and Head teacher acting jointly or
separately according to the School Scheme of Delegation
within the terms of the relevant legislation
Local Authority, being Swindon Borough Council
A Scheme setting out the financial relationship between the
LA and its maintained schools required under S.48 of the
School Standards & Framework Act 1998
Manual comprising the Scheme and the document annexed
to the Scheme including these Financial Regulations, which
schools are required to adopt
Manual containing recommended practices and procedures
to be adopted which schools may produce themselves or
adopt the LA model
Delegation of responsibilities and extent of authority to
groups or individuals acting within the framework of the
policies formulated by the governing body under DCSF
requirements
Expenditure, which fits within the definition of Capital used
for accounting purposes in line with CIPFA Code of
Practice
Expenditure delegated to schools within the terms of the
Scheme
Subsidy for lettings, non-curricular school visits,
non-curricular school sales and purchases
Any interest financial or otherwise where a personal gain
may or may be perceived to be obtained from a supplier of
goods or services, or as a supplier, by any employee,
governor, or member of their immediate families, which
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