Explanatory note

These Regulations amend the Financing of Maintained Schools Regulations 1999 (which now apply only to Wales).

Those 1999 Regulations (as previously amended) prescribe the expenditure which makes up a local education authority’s local schools budget and specify what expenditure may be deducted by them from their local school’s budget in order to arrive at their individual schools budget. They also provide for the basis on which the latter budget is to be distributed between schools. They require local education authorities in a scheme prepared by them, to deal with specified matters connected with the financing of schools which they maintain.

Among the items of expenditure which may be deducted from the local school’s budget and retained centrally is expenditure on teachers' pay restructuring and the employment of advanced skills teachers. However, such expenditure may only be deducted for the financial years 2000—2003. The present regulations provide that such expenditure may be deducted for the financial year 2003—4.