Monitoring and Reporting 32: Miscellaneous Income and Expenditure
Posted on 7 July 2015 by education.finance
Can we please ask Maintained Schools to make every effort to clear any amounts on ledger codes 9389 (Miscellaneous Income) and 4901 (Miscellaneous Expenditure) before the end of the Summer Term, and journal to an alternative code using the Schools Online Journal Transfer System.
There is currently £9,247.45 (across 27 schools) sitting on Miscellaneous Expenditure and £305,359.01 (across 127 schools) on Miscellaneous Income.
This is a significant improvement on previous years, so thank you for all your efforts in keeping on top of these. We also appreciate that the codes are used for a variety of reasons (Revenue Team at County Hall being one), however it does need to be looked at and cleared to a more appropriate code – we recommend that you do this at least once a quarter.
This work is required to aid the Consistent Financial Reporting (CFR) return. You can use the CFR ledger code guidance to aid you in this task. Guidance can be found on the schools finance pages here. If you cannot find a more relevant code to journal to, please feel free to contact the Schools Finance Team who will assist you in finding a more appropriate code.
Can you please ensure this is complete as far as possible by the end of the Summer Term.
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