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Indemnity for Board Members
The Department of Education offers the members of school Boards of Management an indemnity against personal liability for their actions as board members. This indemnity is, however, dependent upon adherence to the Constitution of Boards and Rules of Procedures 2011.
One of the requirements of this document is that school accounts should be certified annually. It is, therefore, in the interests of individual board members to ensure that accounts are certified by an external accountant annually.
Board members work in a voluntary and unpaid capacity for the betterment of their community. It would be foolish to expose such individuals to personal financial risk by ignoring basic procedures. At Upper Third, we offer a cost-effective and efficient method of ensuring compliance with at least one section of those procedures. Give us a ring now on 086 8370141and make sure your school has a certified set of accounts!
Primary School Grants Cut by 19%
The average size of a primary school in Ireland is 161 pupils and an analysis of the main grants paid by the Department of Education shows that funding to a typical school has been cut by 19% over the period from 2010 to 2013.
Capitation Grants to Irish Primary Schools have been cut by 12% over these three years from €200 per pupil in 2010 to €176 per pupil in 2013. The Ancillary Services Grant and the Book Grant have not been cut in this period, but the Minor Works Grant has been eliminated completely.
These are the four most common grants paid to Irish Primary Schools and the typical school of 161 pupils would have received the following amounts from these grants in 2010 and 2013:
Capitation
Book Grant
Minor Works
Eoin Brennan F.C.A is the Principal Accountant of Upper Third Chartered Accountants