Management Information Sheet

As all schools move onto the Star Accounting package, it has become apparent that there needs to be an amendment to the protocol for the loading of school budgets for monitoring purposes.

The revised protocol is therefore as follows, with immediate effect;

1.	School prepares budgets and revisions within the timescale as set out in Norfolk's Scheme for Financing Schools.
2.	Governors authorise the budget/revision.
3.	The authorised plan is submitted to Finance Support.
4.	Finance Support staff receive, check and recommend approval or otherwise of the plan.
5.	If approved, the school is sent an approval letter. This will be for all budget plans including the original and subsequent revisions.
6.	Upon receipt of the approval letter, school staff update the budget figures in the Star Accounting system.
7.	If the budget is not approved, the school is notified in writing. In these instances, the budgets in Star accounts should not be updated until such time as an approved budget has been accepted.