Accounts, reports, information, etc.

Development plans20

1

Each governing body of an institution of further education shall, not later than such date in every financial year as the Department may determine, submit to the Department a development plan in respect of the institution.

2

The development plan shall be prepared in respect of the next following financial year and the succeeding two financial years.

3

The development plan shall contain a statement of—

a

the number of persons the governing body estimates will be students of the institution;

b

the courses of further and higher education which the governing body proposes to provide or secure the provision of;

c

the capital expenditure proposed by the governing body and an estimate of the recurrent expenditure and income of the governing body; and

d

such other matters as may be determined by the Department,

as regards each financial year to which the plan relates.

4

In preparing a development plan, a governing body shall take into account any guidance issued to it by the Department.

5

A development plan prepared in pursuance of this Article shall be in such form as the Department may determine.

6

Any power of the Department under this Article to make a determination may be exercised differently in respect of different governing bodies.

7

Each governing body of an institution of further education shall make arrangements for monitoring the implementation of the development plan in respect of the institution.