Accounts
Accurate accounts will be kept, recording
all Income and Expenditure.
All monies received will be lodged to the school current account and
used for the purposes for which they were received.
All expenditure will be by cheque or, in some cases, e.g. ESB bills,
telephone bills, by direct debit.
The school accounts will be certified annually by O’Donovan &
Co., Accountants, Callan, Co. Kilkenny.
Income
Department of Education and Science Grants
The school derives most of its income from
Department of Education and Science capitation grants.
The Department of Education and Science also pays an annual grant
for specified Minor Capital Works. The school may allow this grant
to accumulate in order to pay for some upcoming work, which would
cost more than the annual grant.
The Department of Education and Science also pay grants for other
specified purposes from time to time, e.g. Physical education grant,
Science Grant, etc.
All the above grants are paid into the school account by electronic
transfer.
Other Grants
From time to time the school receives other
grants from various bodies for specific purposes, e.g. NCTE/HEA grants
re Control Technology.
All such grants will be lodged in the school’s current account.
Other Income
From time to time the Scoil Naomh Fiachra
Parents Council donate money to the school for the purchase of specific
equipment, books or as a subvention towards some school activities,
e.g. swimming or speech and drama classes.
Money is also received from pupils for at certain
times of the year for swimming classes, dancing classes and speech
and drama classes, school tours, etc.
Pupils also donate money to various charities,
e.g. Trocaire, Bothar, etc.
All the above income will be lodged to the
school account and used for the purposes for which it was received.
Expenditure
All monies received in grants for specific
purposes will be spent according to the conditions specified in the
grants.
All monies collected from parents/pupils will
be spent for the purposes for which it was collected.
Where the Scoil Naomh Fiachra Parents Council donate money to the
school for the purchase of specific equipment the equipment will be
purchased by cheque drawn on the school account and a copy of the
receipt will be given to the Parents Council as their receipt.
The Board of Management will use the funds
at its disposal, to maintain and equip the school to the highest standards
possible, within the limits imposed by income levels. It is our aim
that Scoil Naomh Fiachra will be a safe, comfortable, and well-appointed
premises, which will meet the educational needs of our children and
will be conducive to learning in the context of the New Revised Curriculum.
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