Less than Academy Principal or Residual values should be £3,000 School Operations recovered where it is economic Manager/ Business to do so. Manager or CFO singularly Between CEO/EP or CFO Residual values should be Disposal of assets but £3,000 and up recovered The disposal of heritage not including heritage to £19,999 assets is retained by the assets Board Original Approval by the Board Residual values should be purchase recovered value £20,000 The disposal of heritage or higher assets is retained by the Board Write-offs and Academy Principal or Liabilities up to School Operations Write-Offs and £1,000 Manager/Business Liabilities, Entering Manager Guarantees, Indemnities or Letters Write-offs and CEO/EP or CFO of Comfort Liabilities up to £4,999
Disposal of assets but not including heritage assets Less than £3,000 Academy Principal or School Operations Manager/ Business Manager or CFO singularly Residual values should be recovered where it is economic to do so. The disposal of heritage assets is retained by the Board The disposal of heritage assets is retained by the Board Between £3,000 and up to £19,999 CEO/EP or CFO Residual values should be recovered Original purchase value £20,000 or higher Approval by the Board Residual values should be recovered Write-Offs and Liabilities, Entering Guarantees, Indemnities or Letters of Comfort Write-offs and Liabilities up to £1,000 Academy Principal or School Operations Manager/Business Manager Write-offs and Liabilities up to £4,999 CEO/EP or CFO