# The LEA Budget, Schools Budget and Individual Schools Budget (England) Regulations 2002, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations prescribe the expenditure which makes up a local education authority’s LEA budget and schools budget for the financial year beginning on 1st April 2003.
The classes or descriptions of planned expenditure which comprise the LEA budget are described in regulation 3 and in Schedule 1. The schools budget is described in regulation 2.
Schedule 2 specifies the nature of the planned expenditure which a local education authority may deduct from their schools budget in order to arrive at their individual schools budget for that financial year. An authority’s individual schools budget is the amount which is divided between the schools which they maintain in the form of budget shares for each school.

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Source: https://www.legislation.gov.uk/uksi/2002/3199/note (the official version)
Page: https://openlegislation.uk/lea-budget-schools-budget-and-individual-schools-budget-england-regulations-2002/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.