ABSTRACT
Fair Funding The method by which local education authorities delegate money to individual school budgets over a period of two years. It was introduced in April 1999 and was followed by the Financing of Maintained Schools Regulations in 2000. School budgets are supervised either by the head on behalf of the governing body or, in a large school, by a bursar. A budget plan must be drawn up by the school and is then discussed by the finance committee and finally approved by the governing body. It is then submitted to the local education authority. From April 1999, many financial areas have been
delegated to schools, such as repairs and maintenance, staff costs and inspections services and, since April 2000, school meals. The School Standards Grant (SSG) is also paid to all schools to improve literacy and numeracy, based on the number of pupils on roll.
