SASA – Chapter 4 (FUNDING OF PUBLIC SCHOOLS) Regulation 38 – Annual budget of public school
38. Annual budget of public school.
(1) A governing body of a public school must prepare a budget each year according to prescriptions determined by the Member of the Executive Council in a Provincial Gazette, which shows the estimated income and expenditure of the school for the following financial year. [Sub-s. (1) substituted by s. 7 of Act No. 57 of 2001.] Wording of Sections
(2) Before a budget referred to in subsection (1) is approved by the governing body, it must be presented to a general meeting of parents convened on at least 30 days’ notice, for consideration and approval by a majority of parents present and voting.
(3) The notice contemplated in subsection (2) must also inform the parents that the budget will be available for inspection at the school at least 14 days prior to the meeting. [Sub-s. (3) added by s. 7 of Act No. 50 of 2002.]