Millhouse Primary School and Nursery

As appointed by the Governing Body

The quorum of the committee will be 3 members

Agreed each meeting

The committee will meet at least once each term and will hold such additional meetings as are necessary.

To act in accordance with all Legislation and Regulations affecting the responsibilities and activities of school governing bodies.
To have regard in carrying out delegated functions, to the School Improvement Plan and Ofsted Action Plan, both approved by the Governing Body.
o appoint a Chair at the first meeting in each school year, unless one has already been appointed by the Governing Body.
To ensure that all committee policy documents are reviewed on a regular basis.
To maintain expenditure within the limits set by the School budget plan in relation to any matters delegated to the Committee.
To consider such other matters as may be referred to the committee by the Governing Body.
To advise the Governing Body of decisions taken within the powers delegated by providing at Governing Body meetings, for information, minutes of committee meetings, in draft form if necessary. (see section V of the Millhouse Governor’s handbook for guidance on writing minutes)
To ensure that all decisions are in line with the school safeguarding policies and procedures.

To act in accordance with the LA Scheme for the delegation of funds to schools.
To draft and approve after consideration of the LA recommended practice, a scheme of Financial Management for the school and to ensure compliance with the scheme.
To draw up and approve an annual budget plan, having regard to the Headteacher’s recommendations and the funds available.
To monitor the use of financial resources against the budget plan.
Authorising expenditure, in accordance with the budget plan, over the specific level delegated to the Headteacher.
To receive an annual audited statement of any school private funds and to recommend to the full Governing body the appointment of an auditor for such funds.
To draw up, in consultation with other committees and the Headteacher as appropriate, a policy for charges and remissions.
To regularly make use of the Benchmarking tool to assess the financial performance of the school.
To review ICE report and act upon recommendations.
To prepare the school Financial Value Standard (SFUS) for submission to the Full Governing body.