The financial reports should be prepared for each Board of Management meeting in advance detailing up-to-date financial information showing receipts and payments summary, a bank reconciliation statement and a short progress report on the funding activities currently engaged by the school.
The reports below should be considered in advance and should be made available to each Board member:
1. Bank Reconciliation Statement for each Bank Account
2. Income and Expenditure Report verses Budget
3. Capital Income and Expenditure Report verses Budget
4. List of Creditors and Accruals
5. List of Grants Due, Grants Paid in Advance and Prepayments
This Monthly Checklist will help you ensure you have covered all the relevant areas.