The City of Portsmouth Boys' School ::: Governors ::: Finance Committee *

Membership:

Not less than 3 governors including Headteacher and Finance Officer.

Quorum:

3 governors including the Headteacher.

Meetings:

At least one a term, otherwise as required.

Terms of Reference:

To guide and assist the Headteacher and the Governing Body in all budgeting and financial matters.
To prepare and review financial policy statements, including consideration of long term planning and researching.
To draw up and present an annual budget for the Governing Body's approval, taking into account the priorities in the School Improvement Plan.
To monitor the budget over the year, report the financial situation each term and made recommendations where necessary.
To agree the level of delegation to the Headteacher for day-to-day financial management of the school.
To liaise with other committees as necessary.
To monitor the income and expenditure of all public funds, to receive and where appropriate respond to any Audit reports of these.
To audit all non-public funds for presentation to the Governing Body.
To oversee the use of contract or 'in house' services
To undertake contract set-up for services as determined by the Governing Body.

Policies (Please follow each link to access pdf documents):