Bryan Slater Director of Education	Distribution
	All Headteachers and Chairs of Governors

The attached document is provided for your information:

ACTION	Title	Norfolk’s Scheme for Financing Schools
	Summary of contents	Notification of amendments to the Scheme and where a copy can be obtained from.
	Associated documents	Regulations for Financing Maintained Schools
	Date	14 May 2004
	Summary of action required	None
	To be completed by
	LEA Contact	Benita Ogg	(	01603 222877
	E-mail address	benita.ogg@norfolk.gov.uk
	Norfolk Self Review reference	7. How well is the school led and managed? 8. How well does the school use its resources?
	Document reference	MI 102/04

Dear Colleague

NORFOLK’S SCHEME FOR THE FINANCING OF MAINTAINED SCHOOLS

The Secretary of State has considered the Authority’s proposed revisions to Norfolk’s Scheme for Financing Schools and has approved the revised version.

The full text of the revised Scheme is published on the EFS website at http://efs.norfolk.gov.uk/budgetarea/financing_scheme.htm

The main changes are:

1) Para 1.1 – Extension of the paragraph in order to state that the provisions of the Scheme apply to nursery schools from April 2004.

2) Para 3.2 – A change to the way in which schools receive their budget share advances.

3) Para 4.1 – The addition of a statement relating to surplus balances.

4) Annex A – The list of schools to which the Scheme applies has been updated.

5) Annex D – Contract Standing Orders have been updated in accordance with changes made to Norfolk County Council’s Contract Standing Orders.

6) Annex E – A change to the way in which the LEA charges schools the lost interest when budget share advances have to be made before the due date.

If you have any queries about the content or wish to obtain a hard copy please contact me on 01603 222877 or by email at benita.ogg@norfolk.gov.uk

Yours sincerely

Benita Ogg

Education Officer – Finance Projects