Section 19 Financial Handover
A principal who is leaving a school for longer than two terms is required to prepare a financial handover statement. This is to ensure that the incoming principal and the departing principal have a clear understanding of the school’s financial position at the time of handover.
19.2 The outgoing principal
19.2.1 Mandatory policy (Must do)
Prepare a financial handover as near and as practical to the last day of duty.
Ensure that all CASES21 records, including the asset register, are up to date and reflect the handover statement as near as practical to the outgoing principal’s last day of duty.
19.3 The incoming principal
19.3.1 Mandatory policy (Must do)
Verify the correctness of the items in the financial handover .
Carry out a stocktake of the major accountable items a soon as practicable to test the accuracy of the stocktake record prepared by the departing principal.
File the financial handover statement.
CASES21 (Computerised Administrative System Environment in Schools) is the software package provided to Victorian Government schools to support school administration, finance and central reporting.
Student Resource Package — Main funding mechanism for schools comprising two components. Credit — used for central salaries and Cash — used for school based expenditure.
Support program provided by the Department to assist schools with a Student Resource Package credit deficit to return the school to a sustainable position.
Reviewed 25 November 2020