Outturn statement

Section 52 outturn statement 2007-08

Tower Hamlets is required under section 52 of the Schools Standards and Framework Act 1998 to prepare an annual Section 52 Budget Statement before the beginning of the financial year i.e. by 31 March. After the end of that financial year they are required to prepare an Outturn Statement. Separate regulations and guidance apply to budget statements.

Regulatory provisions directly affecting the content of the section 52 Outturn Statements are also made in the School Finance (England) Regulations 2006.

The statement is intended to:

• provide schools, parents and others with an interest in education with details about schools and LEA funding and expenditure
• provide data for the Departmental Annual Report (DAR)
• inform policy making
• inform the Treasury for monitoring purposes
• inform Parliament in its role of monitoring the Department’s accountability for public funds. MPs ask about school and authority expenditure via the mechanisms of Parliamentary Questions or through the Education Select Committee.

It is important that schools forums and others have finance data available to them to inform debate about differing levels of expenditure between LEAs and between schools. It is therefore essential that all statements are prepared to a common format.

2007-08 Section 52 Outturn Statements comprises of four parts:

• Summary Table - Reconciliation of the Dedicated Schools Grant/ Budget and Outturn - This table captures information relating to the spending of the Dedicated Schools Grant. It also provides a mapping between the LA s52 Budget statement 2007-08.
• Table A - This table shows the spending by schools and the Local Authority on Educationfor the 2007-08 financial year
• Table A Youth Service Annex - The Annex shows a further breakdown of spending on the Local Authority’s Youth Service
• Table B - This table shows a summary of school budgets and expenditure for the financial year.
  

For further information contact:

Kate Bingham
Head of Children's Services Finance
4th Floor, Mulberry Place
5 Clove Crescent
London E14 2BG

tel: 020 7364 4960
fax: 020 7364 4151
email: schoolsfinancehelpdesk@towerhamlets.gov.uk