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


The Secretary of State shall determine an amount which is equal to that part of the relevant authority’s planned financial provision for their relevant schools included in their general schools' budget for the financial year in question which, in his opinion, would remain after deducting—
(a) the authority’s planned financial provision for all their relevant schools included in their aggregated budget;
(b) their planned expenditure in respect of all their relevant schools on those descriptions of expenditure listed in paragraph 2 of Schedule 2;
(c) their planned expenditure on the provision of school meals at all their relevant schools;
(d) the amount (if any) appropriated by the authority for meeting expenditure on contingencies in respect of all their relevant schools; and
(e) the amount (if any) allocated in respect of all their relevant schools in support of expenditure of the kind referred to in section 11 of the Local Government Act 1966 in respect of posts approved by the Secretary of State for the purpose of making grants in respect of such expenditure, not being expenditure expected to be offset by income received as central government grants.
Provided that in determining the amounts under sub-paragraphs (b) to (e) the Secretary of State shall exclude any such expenditure, or, in the case of sub-paragraphs (d) and (e), any amount appropriated or allocated by the authority for meeting expenditure referred to in those sub-paragraphs, falling within their aggregated budget.

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Source: https://www.legislation.gov.uk/uksi/1994/610/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/education-grant-maintained-schools-finance-wales-regulations-1994/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.