Understanding School Finances School Councils. What are school council’s major responsibilities regarding finance?. To approve the school’s annual budget and monitor expenditure To ensure that proper accounts and records are kept of all the school’s financial operations and financial position
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Understanding School FinancesSchool Councils
What are school council’s major responsibilities regarding finance?
Link with the School Strategic Plan
The school’s annual budget
What funds are available to the school each year?
What is the Student Resource Package (SRP)?
The Student Resource Package …
How does a principal keep track of the school’s Student Resource Package?
What bank accounts does a school have?
How is the annual budget created?
How are school finances managed?
How does council get to know the financial position of the school?
What should council do regularly?
Other finance responsibilities …
… e.g. using the High Yield Investment Account
For more information
(DEECD school councils site-finance committees)