# The Education (Grant-maintained Schools) (Finance) Regulations 1994, Paragraph 2


Requirements with respect to the maintenance of proper accounts including, in particular, requirements as to—
(a) the appointment by the governing body of a person who will be responsible to them for the administration of their financial affairs;
(b) the accounting systems and methods to be adopted by the governing body and the form of their accounts and supporting records;
(c) internal financial controls including, in particular, requirements as to the procedures to be adopted with respect to the receipt and disbursement of money by the governing body; and
(d) the publication of the governing body’s accounts.

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Source: https://www.legislation.gov.uk/uksi/1994/938/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/education-grant-maintained-schools-finance-regulations-1994/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.