Set the school budget

Funding, staffing and running costs for the year, approved by governors.

1. Get funding figures for the year
2. Get staff costs with pay awards. Most people forget this: Pay awards announced late in the year leave the budget short
3. List contracts due for renewal
4. Draft the budget and three year forecast
5. Show the plan to close any deficit
6. Present to the finance committee
7. Get the budget approved by governors (Chair of governors signs off)
8. Submit it to the local authority or trust

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