Search Results for "budget"
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Chapter 63: Financial regulations and procedure rules
To assist in the development and delivery of the budget process.
When drawing up draft budget requirements, to have regard to:
spending patterns and pressures revealed through the budget monitoring process.
To work within budget limits.
To compile a Directorate budget within the guidelines issued by the Chief Finance Officer.
Budgetary control ensures that resources allocated are utilised for their intended purposes, are properly accounted for, and provides timely information on variations from financial targets. Budgetary control is a continuous process, enabling the Council to review and adjust its budget targets during the financial year and identifies managers responsible for defined elements of the budget.
Capital budget monitoring ensures that capital resources allocated by the Executive are used for their intended purposes. Capital control provides the mechanism to review progress on capital schemes, by comparison with the capital programme. The Corporate Capital Monitoring Statement is a report that is produced every quarter that details projected capital expenditure and resources.
Identify a nominated budget manager for each cost centre.
Ensure budget managers accept accountability for their budgets, the level of service to be delivered and understand their financial responsibilities.
Ensure budget managers follow an approved certification process for all expenditure.