The Headteacher, school finance officer and Governing Body meet regularly to manage the finances of the school, supported and held to account by the local authority. Outturns and other financial reports are examined at half termly governors’ meetings. More information about these matters can be gained from the DfE Financial Benchmarking Service (see link below):
https://schools-financial-benchmarking.service.gov.uk/school/detail?urn=113659