The Finance & Resources Committee The Board of Trustees operates a number of Committees which monitor the key Board functions. The FARC is responsible for financial and business operations management on behalf of BDAT. It reports to the full BDAT Board of Trustees. Tony Hesselwood - Chair of Finance & Resources Committee/Trustee Carol Dewhurst - Accounting Officer/CEO Bill Henry - Trustee Roland Clark - Trustee Ashley Reed - Director of Finance/Chief Finance Officer Peter Thompson - Director of Operations Lisa Smith - Finance Officer The Audit Committee Richard Giles - Chair of Audit Committee Appendix 2. Summary of Financial Authorisation Levels CFO/ Academy Finance & Local Chair of Director Academy Academy /Head Board of /Executive Resources Governing Trustees CEO Finance / Budget Finance Teacher/ Trustees Business Committee Body and CEO Director Holders Manager Head Managers Operations School/ Principal Approval of Annual  Budget/3 year plan Variations to budget   heads (virements) over £50,000 Variations to budget       heads (virements) £10,000 to £50,000 Variations to budget        heads (virements) up to £10,000 Authorise expenditure  over £75,000 Authorise expenditure     £50,000 - £75,000 (Sec) £25,000 - £75,000 (Prim) Authorise expenditure      
The Finance & Resources Committee The Board of Trustees operates a number of Committees which monitor the key Board functions. The FARC is responsible for financial and business operations management on behalf of BDAT. It reports to the full BDAT Board of Trustees. Tony Hesselwood - Chair of Finance & Resources Committee/Trustee Carol Dewhurst - Accounting Officer/CEO Bill Henry - Trustee Roland Clark - Trustee Ashley Reed - Director of Finance/Chief Finance Officer Peter Thompson - Director of Operations Lisa Smith - Finance Officer The Audit Committee Richard Giles - Chair of Audit Committee Appendix 2. Summary of Financial Authorisation Levels Board of Trustees Finance & Resources Committee Local Governing Body Chair of Trustees and CEO CEO CFO/ Director Finance / Director Operations /Head Teacher/ Head School/ Principal Academy /Executive Business Managers Academy Budget Holders Academy Finance Manager Approval of Annual Budget/3 year plan  Variations to budget heads (virements) over £50,000   Variations to budget heads (virements) £10,000 to £50,000       Variations to budget heads (virements) up to £10,000        Authorise expenditure over £75,000  Authorise expenditure £50,000 - £75,000 (Sec) £25,000 - £75,000 (Prim)     Authorise expenditure      
Finance-Scheme-of-Delegation-Aug-17-1.docx