Cash Advances
Outline of cash distribution times
Scenario 1 |
Timescale |
| Using LA payroll, pay budget retain centrally and non-pay budget is required on a termly basis |
April 5/12ths of indicative non-pay budget estimated at 10% of total budget June 5/12ths of non-pay budget based on budget plan less payment made in April plus overspend/underspend carried forward from previous year September 4/12ths of non-pay budget based on budget plan January 3/12ths of non-pay budget based on budget plan Cash will be distributed by 10th of the stated month above |
Scenario 2 |
|
| Not using LA payroll, pay and non-pay budget are required on a monthly basis |
This arrangement must be requested prior to the start of the financial year. Cash will be distributed by 18th of each month by standing order |
Scenario 3 |
|
| Schools in deficit or projected deficit |
School will receive non-pay budget on a monthly basis Cash will be distributed by 10th of each month |
