Creating a Cost Centre Allocation Report

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Presentation transcript:

Creating a Cost Centre Allocation Report Schools Financial Services www.theeducationpeople.org

Cost Centre Allocation Check – WHY? To ensure there are no coding discrepancies Confirms all ledger codes have the correct cost centres attached www.theeducationpeople.org

Cost Centre Allocation Check – WHEN? Can be created prior to governor approval Essential before budget monitoring is undertaken (Separate guidance available under BPS user guidance menu) www.theeducationpeople.org

Cost Centre Allocation Check Make sure any outstanding balances are cleared (only the revenue and capital balance lines will have figures in). Repopulate Re-do the Cost Centre Allocation Check www.theeducationpeople.org

Cost Centre Allocation Check Any CCAC can be deleted at any time Best Practice is to retain only the final CCAC where the balances are ZERO (except for the rollover’s in revenue and capital) www.theeducationpeople.org

Budget Monitoring- Working Copies The working copies can then be created ready for monitoring. (Page 56 – Kent Procedures for New/Next Year Budget Setting and Page 51 for Academies) www.theeducationpeople.org

Schools Financial Services Thank you