The Role of the Finance & Resources Committee

The role of the Finance & Resources Committee is to:

Finance

Review and approve all policies relevant to finance and other roles of the Committee.
Conform to the Schools Financial Value Standards in Schools.
Ensure LA financial procedures are observed
Assess the financial progress towards achieving the objectives in the School Improvement Plan.
Receive & review financial projections.
Ensure Best Value principles apply.
Produce and approve the annual budget and present it to the Full Governing Body for information.
Review the actual expenditure and monitoring statements at least once a term.
Receive LA Budget and Out Turn Statement (when published by the LA)
Review the financial implications on the budget of the Pay & Conditions document.
Approve expenditure and virements of sums over £5000 (five thousand GBP); sums below that amount are delegated to the Head Teacher
Review leases and contracts (including traded services).
Obtain quotations with a view to placing contracts and orders, once the relevant Committee has drawn up a specification.
Assess the school insurance cover to ensure that it provides adequate protection against risks.
Receive the annual accounts and certificate of audit of the School Fund Account and other voluntary funds held within school
Review and approve the petty cash system. Imprest balance of £250.

Staffing

Review and approve all policies relevant to the Staffing roles of the Committee
Implement the Salary Policy with reference to staffing and financial budgets
Achieve the aims of the Salary Policy in a fair and equitable manner and within statutory and contractual obligations
Apply the criteria of the Salary Policy consistently in determining the pay for each member of staff at the annual review
Implement the Appraisal Policy and monitor teacher appraisal process
Review annually the staffing structure of the school ensuring that it meets the requirements of the curriculum and is in line with the School Improvement Plan.
Observe all statutory, non-statutory and contractual conditions in respect of pay matters
Work with the Head Teacher to ensure that the Governing Body complies with The Education (School Teachers’ Appraisal) (England) Regulations, 2012
Decide whether past targets have been met and agree new targets, annually
Consider applications from staff for variation to contract (secondments, early retirements, leave of absence, reduced working hours etc.)
Consider difficult and discretionary pay issues
Have oversight of staff work / life balance, working conditions and well-being, including the monitoring of absence

Monitor Equal Opportunities
Monitor staff training and CPD
Establish & maintain rolling programme for Disclosure & Barring Service (DBS) Checks
Ensure all personnel records are held securely

Premises and Health & Safety

Review the school Health & Safety Policy on an annual basis.
Ensure staff & Governors undertake appropriate Health & Safety Training
Ensure Risk Assessments are carried out and reviewed on a regular basis.
Monitor all Safeguarding procedures.
Establish & review an Accessibility Plan
Review e-safety policy & procedures
Comply with current fire safety legislation & regulations (‘Level 1’ fire risk assessment should be carried out by the school on an annual basis; ‘Level 2’ or technical fire risk assessment is reviewed bi-annually.
Inspect the school site and buildings to enable maintenance and improvement, including security
Receive reports and audits from Health & Safety representatives (to include Caretaking & Cleaning)
Receive a regular report on accident statistics, near misses and incidents of violence or aggression.
Review and Authorise upcoming offsite activities, ensuring that health and safety planning and risk assessments that have been undertaken for them.
Ensure that Health & Safety documents and records are up to date: Fire log book; Asbestos on site; Premise log book (PAT Testing, Glazing Inspections, An annual check of PE Equipment / Playground Equipment

Templefield Lower School