(Finance Committee / Budget Working Group / Pay Review Committee)
Terms of Reference
Chair: George Campbell
Secretary: Kenneth Neild
Committee Members: George Campbell, Andrea Naylor,
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.
Address:
King James I Academy
South Church Road
Bishop Auckland
County Durham
DL14 7JZ