projects and initiatives, completion and subsequent consideration including non-core activities. review? and approval] Does this extend to capital and revenue [Financial projects? regulations] Is this requirement embodied within the college financial regulations? Reasonableness of Has the corporation approved expenditure [Corporation procurement policies (e.g. levels above which formal quotations are papers and limits for individual purchase required and further approval levels minutes of without recourse to operate to ensure the college is receiving consideration governors). value for money through its procurement and approval] processes? No unnecessary [Financial extravagance in purchases regulations] Ensuring value for money in The corporation should be able to [Notification to all transactions involving demonstrate consideration/approval of: funding body] public funds. value for money, especially for public [Corporation interest activity (e.g. overseas activity, papers and termination payments, investments) minutes of and where necessary consideration/ documentation of cost vs benefit
projects and initiatives, including non-core activities. completion and subsequent review? Does this extend to capital and revenue projects? Is this requirement embodied within the college financial regulations? consideration and approval] [Financial regulations] Reasonableness of procurement policies (e.g. limits for individual purchase without recourse to governors). No unnecessary extravagance in purchases Has the corporation approved expenditure levels above which formal quotations are required and further approval levels operate to ensure the college is receiving value for money through its procurement processes? [Corporation papers and minutes of consideration and approval] [Financial regulations] Ensuring value for money in all transactions involving public funds. The corporation should be able to demonstrate consideration/approval of: value for money, especially for public interest activity (e.g. overseas activity, termination payments, investments) and where necessary consideration/ documentation of cost vs benefit [Notification to funding body] [Corporation papers and minutes of
2017_07_18%20ACOP%20-%20SAQ%20-%20200318-1.pdf.docx