| What
is the role of the Finance & Planning Committee?
One of the key roles
of the governing body is to help determine the school's strategy for improvement
so that its pupils learn more effectively and achieve the highest standards.
The governing body should help to set, and keep under review, the broad
framework within which the headteacher and staff should run the school.
It is through this strategic role that the governing body influence the
tone of the school and its direction.
The most important
way in which the governing body can carry out its strategy-setting role
is through the School Development Planning process. Its role is to provide
overall direction and constructive criticism, and to review and plan regularly.
The main thrust of the governing body's involvement in this process should
be in the identification of what needs to be done and satisfying itself
that arrangements are in place. The finance and planning committee have
an important role in helping to draw up the School Development Plan and
ensuring the Development Plan and Budget Plan are linked.
The budget planning
process itself is one in which the finance and planning committee play
a vital part. The committee members have a "strategic overview"
and are involved in the decision-making process which enables the Headteacher
to manage the budget on a day to day basis. In conjunction with the headteacher
they help set the annual "operational budget" and also monitor
the areas of underspend/overspend throughout the year.
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