categories of write-offs, the Chief Financial Officer may authorise budget holders or nominated officers to write-off debts on his or her behalf. Amounts over £50,000 but not exceeding £100,000 in any one case may be written off by the Chief Financial Officer after consultation with the Chair of the LLCA or Vice Chair if the Chair is not available, in accordance with the delegations set out in part C2.19, except that, in the case of debts of organisations in liquidation, receivership or bankruptcy where the Monitoring Officer advises there is no reasonable prospect of recovering any monies or debts partially recovered by means of an out of court settlement where the Monitoring Officer advises there is no reasonable prospect of recovering any further monies, these may be written off directly by the Chief Financial Officer. The Chief Financial Officer will have the right to report any write-off to the LLCA if he considers this appropriate. Review of charges Charges for LLCA services will be reviewed at least annually at the time of the preparation of the budget. Rents should be reviewed at least triennially unless they are subject to any longer review period under the terms of the rental agreement. Pricing for outside work, must seek to cover all costs including overheads. Banking arrangements Arrangements with regard to the bank accounts will be made by the Chief LLCA’s Financial Officer. Cheques, except those used by imprest accounts, will be ordered and controlled by the Chief Financial Officer who will make proper arrangements for the safe custody of blank cheques and the preparation, signing and despatch of cheques. All LLCA bank accounts, including imprest accounts, must include "Combined Authority" in their titles and in no circumstances must an account be opened in the name of an individual. Cheques drawn will bear the pre-printed signature of the Chief Financial Officer, or be signed by the Chief Financial Officer. Salaries, wages and pensions The payment of all salaries, wages, pensions, compensation and other emoluments, to LLCA employees, will be made by the Chief Financial Officer or under arrangements approved and controlled by him or her. Budget holders will arrange for the Chief Financial Officer to be notified as early as possible, and in the form prescribed by him or her, of all matters affecting the payment of items referred to paragraph F2.17.1 above and in particular:
categories of write-offs, the Chief Financial Officer may authorise budget holders or nominated officers to write-off debts on his or her behalf. Amounts over £50,000 but not exceeding £100,000 in any one case may be written off by the Chief Financial Officer after consultation with the Chair of the LLCA or Vice Chair if the Chair is not available, in accordance with the delegations set out in part C2.19, except that, in the case of debts of organisations in liquidation, receivership or bankruptcy where the Monitoring Officer advises there is no reasonable prospect of recovering any monies or debts partially recovered by means of an out of court settlement where the Monitoring Officer advises there is no reasonable prospect of recovering any further monies, these may be written off directly by the Chief Financial Officer. The Chief Financial Officer will have the right to report any write-off to the LLCA if he considers this appropriate. Review of charges Charges for LLCA services will be reviewed at least annually at the time of the preparation of the budget. Rents should be reviewed at least triennially unless they are subject to any longer review period under the terms of the rental agreement. Pricing for outside work, must seek to cover all costs including overheads. Banking arrangements Arrangements with regard to the LLCA’s bank accounts will be made by the Chief Financial Officer. Cheques, except those used by imprest accounts, will be ordered and controlled by the Chief Financial Officer who will make proper arrangements for the safe custody of blank cheques and the preparation, signing and despatch of cheques. All LLCA bank accounts, including imprest accounts, must include "Combined Authority" in their titles and in no circumstances must an account be opened in the name of an individual. Cheques drawn will bear the pre-printed signature of the Chief Financial Officer, or be signed by the Chief Financial Officer. Salaries, wages and pensions The payment of all salaries, wages, pensions, compensation and other emoluments, to LLCA employees, will be made by the Chief Financial Officer or under arrangements approved and controlled by him or her. Budget holders will arrange for the Chief Financial Officer to be notified as early as possible, and in the form prescribed by him or her, of all matters affecting the payment of items referred to paragraph F2.17.1 above and in particular:
Final%20Version%20for%20Council%20Report%20-%20Constitution%20-%20Appendix%201.docx