1 Citation, commencement and application

(1)    These Regulations may be cited as the Consistent Financial Reporting (England) (Amendment) Regulations 2008 and come into force on 11th February 2008.

(2)    These Regulations apply only in relation to England.

NOTES
Initial Commencement
Specified date

Specified date: 11 February 2008: see para (1) above.

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2 Amendments to the Consistent Financial Reporting (England) Regulations 2003

2Amendments to the Consistent Financial Reporting (England) Regulations 2003

(1)    The Schedule to the Consistent Financial Reporting (England) Regulations 2003 is amended as follows.

(2)    Before “B01 (Committed Revenue Balances)”, insert—

“Opening Balances

OB01 (Opening Pupil Focused Revenue Balance)

OB02 (Opening Community Focused Revenue Balance)

OB03 (Opening Capital Balance)

Closing Balances”.

NOTES
Initial Commencement
Specified date

Specified date: 11 February 2008: see reg 1(1).

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Signature

Jim Knight

Minister of State

Department for Children, Schools and Families

10th January 2008

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EXPLANATORY NOTE

EXPLANATORY NOTE (This note is not part of the Regulations)

The Schedule to the Consistent Financial Reporting (England) Regulations 2003 provides the approved headings that governing bodies and local education authorities must use when preparing their financial statements.

These Regulations insert additional approved headings into the Schedule.

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