Appendix 2 Director of Finance Scheme of Delegation – This appendix refers to Section 4.4 of the Standing Orders Matters Delegated to Further Delegation Named Officers SFIs 1.3.7 The Director of Finance is responsible Assistant Directors of Finance will SFIs 2.2.1 for implementing the BSO’s financial be responsible for maintaining policies and maintaining an effective appropriate controls systems so as system of internal financial control and to provide accurate records. ensuring that sufficient records are All staff have a responsibility to maintained to show and explain the ensure that assets are BSO’s financial position at any time safeguarded and controls applied SFIs 1.3.7 The duties of the Director of Finance No further delegation include the provision of financial advice to the BSO, its Directors and employees SFIs 1.3.7 The Director of Finance will provide Assistant Director of Finance will SFIs 3.0 monthly reports in the form required by be responsible for effective cash the Department, ensure drawn management from the Department against cash limit is required for approved expenditure only and is drawn down only at the time of need and will be responsible for ensuring that an adequate system of monitoring financial performance is in place to enable the BSO to fulfil its statutory responsibilities SO 3 The Director of Finance will review the No further delegation SFIs 5.1 basis and assumptions used for SFIs 5.2 distributing allocations/ income, will submit to the Board at the start of each year a report showing the total funding available and its proposed distribution and will regularly update the Board on significant changes to the initial funding and the uses of such funds Matters Delegated to Further Delegation Named Officers SO 3 The Director of Finance will prepare Budget holders must provide SFIs 5.1 and submit budgets for approval by the information as required by the 5.2 Board at the start of each financial Director of Finance to enable year, will monitor financial performance budgets to be compiled against budget and business plan and report to the Board 5.2.2 The Director of Finance will devise and Each budget holder is responsible maintain systems of budgetary control for ensuring that any likely is not incurred and that
Appendix 2 – Director of Finance Scheme of Delegation This appendix refers to Section 4.4 of the Standing Orders Matters Delegated to Named Officers Further Delegation SFIs 1.3.7 SFIs 2.2.1 The Director of Finance is responsible for implementing the BSO’s financial policies and maintaining an effective system of internal financial control and ensuring that sufficient records are maintained to show and explain the BSO’s financial position at any time Assistant Directors of Finance will be responsible for maintaining appropriate controls systems so as to provide accurate records. All staff have a responsibility to ensure that assets are safeguarded and controls applied SFIs 1.3.7 The duties of the Director of Finance include the provision of financial advice to the BSO, its Directors and employees No further delegation SFIs 1.3.7 SFIs 3.0 The Director of Finance will provide monthly reports in the form required by the Department, ensure drawn from the Department against cash limit is required for approved expenditure only and is drawn down only at the time of need and will be responsible for ensuring that an adequate system of monitoring financial performance is in place to enable the BSO to fulfil its statutory responsibilities Assistant Director of Finance will be responsible for effective cash management SO 3 SFIs 5.1 SFIs 5.2 The Director of Finance will review the basis and assumptions used for distributing allocations/ income, will submit to the Board at the start of each year a report showing the total funding available and its proposed distribution and will regularly update the Board on significant changes to the initial funding and the uses of such funds No further delegation Matters Delegated to Named Officers Further Delegation SO 3 SFIs 5.1 5.2 The Director of Finance will prepare and submit budgets for approval by the Board at the start of each financial year, will monitor financial performance against budget and business plan and report to the Board Budget holders must provide information as required by the Director of Finance to enable budgets to be compiled 5.2.2 The Director of Finance will devise and maintain systems of budgetary control Each budget holder is responsible for ensuring that any likely is not incurred and that