responsibility not to exceed its expenditure limits, as set by direction of the NHS Commissioning Board. ALLOTMENTS The Group’s Chief Finance Officer will: periodically review the basis and assumptions used by the NHS Commissioning Board for distributing allotments and ensure that these are reasonable and realistic and secure the Group’s entitlement to funds; prior to the start of each financial year submit to the Governing Body for approval a report showing the total allocations received and their proposed distribution including any sums to be held in reserve; and regularly update the Governing Body on significant changes to the initial allocation and the uses of such funds. COMMISSIONING STRATEGY, BUDGETS, BUDGETARY CONTROL AND MONITORING POLICY the Group will produce and publish an annual commissioning plan that – explains how it proposes to discharge its financial duties. The Group will support this with comprehensive medium term financial plans and annual budgets The Accountable Officer will compile and submit to the Governing Body a commissioning strategy takes into account financial targets and forecast limits of available resources. Prior to the start of the financial year the Chief Finance Officer will, on behalf of the Accountable Officer, prepare and submit budgets for approval by the Governing Body. The Chief Financial Officer shall monitor financial performance against budget and plan, periodically review them, and report to the Governing Body. This report should include explanations for variances. These variances must be based on any significant departures from agreed financial plans or budgets. The Accountable Officer is responsible for ensuring that information relating to the Group’s accounts or to its income or expenditure, or its use of resources is provided to the NHS Commissioning Board as requested.
responsibility not to exceed its expenditure limits, as set by direction of the NHS Commissioning Board. ALLOTMENTS The Group’s Chief Finance Officer will: periodically review the basis and assumptions used by the NHS Commissioning Board for distributing allotments and ensure that these are reasonable and realistic and secure the Group’s entitlement to funds; prior to the start of each financial year submit to the Governing Body for approval a report showing the total allocations received and their proposed distribution including any sums to be held in reserve; and regularly update the Governing Body on significant changes to the initial allocation and the uses of such funds. COMMISSIONING STRATEGY, BUDGETS, BUDGETARY CONTROL AND MONITORING POLICY – the Group will produce and publish an annual commissioning plan that explains how it proposes to discharge its financial duties. The Group will support this with comprehensive medium term financial plans and annual budgets The Accountable Officer will compile and submit to the Governing Body a commissioning strategy takes into account financial targets and forecast limits of available resources. Prior to the start of the financial year the Chief Finance Officer will, on behalf of the Accountable Officer, prepare and submit budgets for approval by the Governing Body. The Chief Financial Officer shall monitor financial performance against budget and plan, periodically review them, and report to the Governing Body. This report should include explanations for variances. These variances must be based on any significant departures from agreed financial plans or budgets. The Accountable Officer is responsible for ensuring that information relating to the Group’s accounts or to its income or expenditure, or its use of resources is provided to the NHS Commissioning Board as requested.
NHS-Stockport-CCG-constitution-July-2016-v7.0.docx