Lambeth school financial procedures manual

A.4 The following framework of financial administration exists at Lambeth Council in accordance with Section of the Local Government Act , which requires that • Financial Procedures: sets out controls and responsibilities of individual officers • Accounting Procedures Manual: sets out the standard and format required for. The school’s debt recovery policy will observe the relevant financial regulations and guidance set out in the Lambeth Schools Financial Procedures Manual and any other legal requirements. The school will not write-off any debt belonging . The School and Centre’s debt recovery policy will observe the relevant financial regulations and guidance set out in the Lambeth Schools Financial Procedures Manual and any other legal requirements. The school will not write off any debt belonging .

SCHOOLS FINANCE PROCEDURE MANUAL 4 Retaining of Income Income from lettings: schools may retain income from lettings of the school premises and car park. However, school premises owned by Lambeth Council must adhere to the Lambeth Council’s directions on how those premises can be used. Additionally must charge VAT. SCHOOLS FINANCE PROCEDURE MANUAL 5 Recoverability of VAT There are 4 requirements from Lambeth Schools to follow in regard to claiming VAT: 1. Account for the schools VAT Correctly 2. Ensure monthly reconciliation of the school’s VAT account (taking into account any. SCHOOLS FINANCE PROCEDURE MANUAL 1 INTRODUCTION Purpose of this Manual The overriding purpose of the is Financial Procedures Manual is to clearly define and document effective financial controls and processes for Lambeth Schools. It informs those involved in the financial aspects of.

London Borough of Southwark. Page 2. Schools Finance 2. Financial Procedures Manual. Governance. Governing Body and Finance Committee. The key governing documents which regulate finance management in schools (the Regulating Documents) are set out Schools' Financial Procedures Manual. 7 ส.ค. The Schools Financial Procedures Manual provides maintained schools with guidance on a range of financial management processes which are set.