The Consistent Financial Reporting (England) (Amendment) Regulations 2008

Made

10th January 2008

Laid before Parliament

17th January 2008

Coming into force

11th February 2008

The Secretary of State for Children, Schools and Families makes the following Regulations in exercise of the powers conferred by section 44 of the Education Act 2002(1).

Citation, commencement and application

1. --(1) These Regulations may be cited as the Consistent Financial Reporting (England) (Amendment) Regulations 2008 and come into force on 11th February 2008.

(2) These Regulations apply only in relation to England.

Amendments to the Consistent Financial Reporting (England) Regulations 2003(2)

2. --(1) The Schedule to the Consistent Financial Reporting (England) Regulations 2003 is amended as follows.

(2) Before "B01 (Committed Revenue Balances)", insert--

" Opening Balances

OB01 (Opening Pupil Focused Revenue Balance)

OB02 (Opening Community Focused Revenue Balance)

OB03 (Opening Capital Balance)

Closing Balances " .

Jim Knight

Minister of State

Department for Children, Schools and Families

10th January 2008

EXPLANATORY NOTE

(This note is not part of the Regulations)

The Schedule to the Consistent Financial Reporting (England) Regulations 2003 provides the approved headings that governing bodies and local education authorities must use when preparing their financial statements.

These Regulations insert additional approved headings into the Schedule.

( 1 )

2002 c. 32. Back [1]

( 2 )

S.I. 2003/373 amended by S.I.s 2004/393, 2006/437 and 2007/599. Back [2]

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