(1) The expenditure referred to in paragraph (2) below, so far as taken into account in determining the general schools budget of any local education authority for any financial year, is prescribed for the purposes of section 38(4)(c) and (d) of the Act (expenditure to be left out of account in determining a local education authority’s aggregated budget for any financial year).
(2) That expenditure is—
(a) expenditure falling to be taken into account in determining central government grants of the following descriptions—
(i) grants for education support and training under section 1 of the Education (Grants and Awards) Act 1984
(ii) grants under section 11 of the Local Government Act 1966 (grants for certain expenditure due to ethnic minority population);
(iii) grants under section 210 of the Act (grants for the education of travellers and displaced persons);
(iv) grants under section 2 of the Employment and Training Act 1973 (grants to assist persons to select, train for, obtain and retain employment etc. );
(v) grants under section 1 of the Local Government Grants (Social Need) Act 1969 (grants relating to special social need in urban areas);
(vi) grants under section 27 of the Housing and Planning Act 1986 (grants for regeneration of urban areas);
(vii) in the case of local education authorities in Wales, grants under section 21 of the Education Act 1980 (grants for education in Welsh);
(b) expenditure falling to be taken into account in determining specific grants from any of the European Communities which support activities in schools; and
(c) expenditure of the kind referred to in section 11 of the Local Government Act 1966 in respect of posts approved by the Secretary of State for the purpose of making grants in respect of such expenditure, being expenditure not falling to be taken into account in determining central government grants.