Expenditure and ensuring delivery of Annual Budgets Review Report to the Review Report to the – – board any material LGB any need for Report - to the issues with delivery any matters of CEO/EP any issues against the Annual concern in respect with expenditure Budget by the of the Academy’s or compliance with Academies annual budget the Annual Budgets Receive reports by the Academy – on matters of concern in connection with compliance with the Annual Budgets FINANCIAL Reporting: financial reporting and KPIs Determine Deliver Deliver Review Delegated Budgets and Finances - in the form of a scheme of Determine Deliver on Comply - Review Delivery– – delegation of financial authority to the Academies recommending adherence to Academy financial limits to limits Comply - the Board adherence Review – to limits effectiveness of limits Directors [CEO/EP] Principal LGB Financial Policies of policies and procedures to Determine Review Deliver Review delivery - –establishing – – ensure compliance with the financial and reporting compliance with compliance with requirements policies finance policies with policies Report any issues – Report any – or non-compliance FINANCIAL issues or to the
FINANCIAL Expenditure and ensuring delivery of Annual Budgets Review Report – to the board any material issues with delivery against the Annual Budget by the Academies Receive reports – on matters of concern in connection with compliance with the Annual Budgets Review Report - to the CEO/EP any issues with expenditure or compliance with the Annual Budgets by the Academy Report – to the LGB any need for any matters of concern in respect of the Academy’s annual budget Reporting: financial reporting and KPIs Determine Deliver Review Deliver Delegated Budgets and Finances - in the form of a scheme of delegation of financial authority to the Academies Determine Deliver – on recommending financial limits to the Board Review – effectiveness of limits Review Delivery– Academy Comply - adherence to limits Comply - adherence to limits Directors [CEO/EP] LGB Principal FINANCIAL Financial Policies –establishing of policies and procedures to ensure compliance with the financial and reporting requirements Determine Review – compliance with policies Report – any issues or non-compliance to the Review delivery - with policies Report – any issues or Deliver – compliance with finance policies
Scheme-of-Delegation.docx