# The Financing of Maintained Schools (England) Regulations 2000, Regulation 8: Timing of determination of budget shares


(1) The amount of a school’s budget share for the financial year shall be initially determined by the local education authority before the beginning of that year.
(2) A local education authority may decide not to initially allocate all of their individual schools budget in the form of budget shares at the beginning of the financial year and instead to retain an amount for the purpose of redeterminations or the correction of errors but such amount must be used for that purpose or distributed to schools as required by regulation 19(4) before the end of the financial year.

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Source: https://www.legislation.gov.uk/uksi/2000/478/regulation/8 (the official version)
Page: https://openlegislation.uk/financing-of-maintained-schools-england-regulations-2000/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.