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Cash Payments

As a general principle, all payments should be made electronically or by cheque from the school’s current account. The board of management may authorise the Principal to use petty cash for amounts of a small nature only. Outside of this cash should never be used to pay expenses. All cash received should be lodged in … Continued

School Generated Cash Income

This is income generated within the school from various activities or ventures such as locker rental, Canteen or Tuck shop receipts, and income from games and books. It also includes voluntary contributions from parents of students in the school which is an essential source of income for many schools. This type of income is collected … Continued

Auto-enrolment

Introduction Auto-enrolment (AE) is a new retirement savings system that will commenced on 1 January 2026. The scheme is called “My Future Fund” and is designed for employees who do not already have a pension. A new public body, the National Automatic Enrolment Retirement Savings Authority (NAERSA), has been established to administer the scheme. Under … Continued

Cost of Living Grant

Cost of Living Grant for 2024/2025 Overview The grant is for schools in the free education scheme. It is to ensure financial supports are available to meet additional energy costs and other increased day to day running costs. Rates Full Cost of Living Grant per-capita rates  Grant Type Rate Standard Grant €55.00 Special Class Grant … Continued

Non-Teaching Pay Grant

Overview This grant is designed to cover the cost of staffing allocations approved by the Department. The grant is based on the sanctioned staff numbers and salary based on Department approved salary scales. Schools Division Financial should be notified of all changes to sanctioned staff.  It should also be noted that approval must be sought for all … Continued