Regulation 5 Prescribed form of, and information to be contained in, outturn statements

For the purposes of section 52(3)(a) of the 1998 Act, an outturn statement is prepared in three parts and contains the information prescribed for the purposes of section 52(2) as follows—

(a)

Part 1 is in the form prescribed in Schedule 1 and contains information with respect to—

(i)

a LEA’s planned expenditure from their schools budget and LEA budget as specified in the budget statement prepared by the LEA in respect of funding period 2^f1, and

(ii)

expenditure incurred by the LEA, or treated as having been incurred by the LEA, from those budgets during that funding period.

(b)

Part 2 is in the form prescribed in Schedule 2 and contains information with respect to—

(i)

a LEA’s planned expenditure from their schools budget as specified in the budget statement prepared by the LEA in respect of funding period 2,

(ii)

expenditure incurred by schools,

(iii)

expenditure incurred by the LEA, or treated as having been incurred by the LEA, from their schools budget, including funds delegated or devolved to schools, and funds expended on schools and Academies directly by the LEA from central expenditure,

(iv)

any other resources allocated to schools by the LEA,

(v)

other accountable resources held and expended by schools, and

(vi)

expenditure on the youth service by the LEA

during funding period 2.

(c)

Part 3 is in the form prescribed in Schedule 3 and contains information in relation to each school with respect to—

(i)

the school’s planned budget share, as specified in the budget statement prepared by the LEA in respect of funding period 2, and

(ii)

expenditure incurred by the LEA, or treated as having been incurred by the LEA, in respect of that school,

(iii)

any other resources allocated by the LEA to that school, and

(iv)

other accountable resources held and expended by that school

during funding period 2.

Annotations

Footnotes

f1: The Budget Statements Regulations set out requirements as to the form of, information to be contained in, and manner and time of publication of, the budget statement prepared for relevant funding period 2.