For effective financial management a school budget will need to be sub-divided into Cost Centres. Each school will have defined their own unique requirements and cost centre structures will be designed to meet these.

For Suffolk LA Maintained Schools, the Record of Financial Responsibility (RoFR) sets out the school's cost centre delegation arrangements.

Cost centres may be added to, amended or deleted according to the school's needs. Cost centres contain the records of commitments and actuals for income and expenditure; cost centre reporting can be an effective method of budgetary control.