# The Financing of Maintained Schools (England) Regulations 2000, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations prescribe the expenditure which makes up the local education authority’s “local schools budget” for the financial year beginning on 1st April 2000.
These Regulations specify the nature of the planned expenditure which a local education authority may deduct from their local schools budget in order to arrive at their “individual schools budget” for that financial year.
An authority’s individual schools budget is to be divided between the schools which they maintain in the form of budget shares for each school. These Regulations provide the basis on which a local education authority may determine the amount from their individual schools budget to be allocated to each school as its budget share for that financial year.
These Regulations require a local education authority to deal in a scheme prepared by them with specified matters connected with the financing of schools which they maintain.

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Source: https://www.legislation.gov.uk/uksi/2000/478/note (the official version)
Page: https://openlegislation.uk/financing-of-maintained-schools-england-regulations-2000/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.