Monitoring Revenue and Expenditure

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Purpose of this policy

To ensure schools manage their finances in line with their budgets.

Policy

School councils should monitor:

  • actual receipts and payments against budget estimates each month by reviewing:
    • actual revenue and expenditure
    • details of funds committed during the month
    • a list of unpaid accounts
    • investments and balances held in school accounts
  • their cash flow budget at the end of each month ensuring that:
    • cash flow projections are always positive
    • actual receipts and payments are tracking to budget.

Department resource