5.1              Financial Returns to Department of Education and Science.

5.1.1                       Expenditure Estimates

This return is made annually on the appropriate forms which are issued by the DES. The forms seek to elicit information on a school’s budgetary requirements.

5.1.2                       Monthly Financial Report

It is required of each Board of Management to comply fully with the DES’s system of accounting for a school’s expenditure from the School Fund. A Monthly Report, duly signed, must reach the DES within ten working days after the end of the month to which the report relates.

5.1.3                       Annual Financial Return

An annual report, approved by the Board of Management, must be submitted to the DES in the month of January each year which must account for all expenditure from the School Fund for the previous financial year.