Finance

The Finance Department provides the Board with a wide range of financial services to assist the Chief Executive in the discharge of his responsibilities as an Accounting Officer. Its functions are carried out through the following service units:

 

The service is responsible for the payment of salaries and wages (excluding payments to teachers and lecturers), the payment of creditors, the estimating and ordering of cash requirements from DE and the reconciliation and analysis of monies received from other sources. Services are also provided in relation to the maintenance of the General Ledger system and Chart of Accounts, the reconciliation of bank accounts, the administration of, and accounting for, Trust and Endowment Funds and the compilation and recording of Losses and Special Payments.

 

This service unit is responsible for providing a financial planning and management information service to the Board in line with its strategic plan. This includes the preparation of short and medium term financial plans and the maintenance of a financial management information service to facilitate budgetary control and decision making by budget holders, including those responsible for the local management of schools.

 

The Purchasing Branch is responsible for the procurement of goods and services for the Board, taking account of the Board’s Standing Orders, Government legislation and EU directives.

The main activities of the section relate to: