Monitoring and Reporting 48: Capital Grants and Funding
Posted on 27 February 2017 by education.finance
Just a reminder from the Capital team to all schools who have been given Capital grants or funding.
Please can you ensure that you claim the funding in the same year in which you incur the expenditure (this is especially important when dealing with internal grants which are not automatically transferred to the school, e.g. FF&E allowances or Investing in Devon / Locality grants from Local members – as we will be unable to retrospectively apply these funds in the future year).
Please can you also ensure that the expenditure relating to these funds are coded to the capital accounts “02 Fund” as capital funding cannot be put against your revenue codes due to accounting rules and regulations.
If you are unsure if you have any grants to claim then please feel free to contact Stuart Hawkins by e-mail email@example.com or on 01392 383669.