(Finance Committee / Budget Working Group / Pay Review Committee)

Terms of Reference

Chair:                                      Gillian Campbell

Secretary:                               Kenneth Neild

Committee Members:        Gillian Campbell, Craig Robinson, Elizabeth Varley, Simon Whitehead 

Purpose:

• To ensure we have a balanced budget throughout the years and accurate accounts that anticipate and accommodate fluctuations in funding.
• To develop a 3-5 years strategic budget which is linked to curriculum demands and expectations which takes into account the known or anticipated changes in income and expenditure.
• To ensure that we meet ESFA standards and are complaint with legislative requirements.
• To ensure we have a site which is healthy and safe and which supports effective learning and prepares young people for their future.
• To ensure that all staff are appropriately remunerated and that pay scales reflect individual performance against challenging targets.

Impact:

• To assure the financial stability of the Academy and to maintain accounts which are transparent and which meet legislative and ESFA requirements.
• To provide a safe, healthy and conductive learning environment that reflects learning for the modern world.
• Performance management and appraisals rigorously assess the impact of individuals upon organisational goals.
• Staff receive appropriate financial recognition and reward for their contribution to the success of the Academy and its students.