online Tendering, evaluation and contract management is maintained and optimised. £300,000 £931,000 GENERAL CAPITAL The regime for the financial management of these capital projects is set out in table 5 below. Table 5 Key tasks Date 1. The Capital team will notify relevant Directorates of successful project approvals by June 2015 Each project owner will be appraised of roles and responsibility on receipt of CRL approval. 2. All project owners will receive a request to submit a profile of expected spend for the June 2015 financial year to BSO finance for immediate DHSSPS reporting. 3. Each project will be assigned a capital team representative to advise on the June 2015 financial management of the project and completion of monthly monitoring returns. 4. A monthly capital progress report must be submitted by each project owner to their Day 5 monthly capital team representative by day 5 of each reporting month. 5. Progress on each capital project will be monitored to assess actual spend against On-going budget (CRL). 6. All capital procurement to be completed to agreed timescales and within budget. 31 March 2016 Evidence of all spend must be detailed in progress report. Projects should be completed as early as possible in the financial year, ideally by end of quarter 3 (December 2015). 7. BSO have statutory obligation to achieve full spend. Any projects at risk of As applicable underspend must be reported to the capital team representative for onward reporting to the Board and potential recycling / hand back of capital monies at the earliest opportunity. 8. Post project Evaluations must be completed and submitted on completion of project. 31 March 2016 7.3 ITS Programme
online Tendering, evaluation and contract management is maintained and optimised. £300,000 GENERAL CAPITAL £931,000 The regime for the financial management of these capital projects is set out in table 5 below. Table 5 Key tasks Date 1. The Capital team will notify relevant Directorates of successful project approvals by Each project owner will be appraised of roles and responsibility on receipt of CRL approval. June 2015 2. All project owners will receive a request to submit a profile of expected spend for the financial year to BSO finance for immediate DHSSPS reporting. June 2015 3. Each project will be assigned a capital team representative to advise on the financial management of the project and completion of monthly monitoring returns. June 2015 4. A monthly capital progress report must be submitted by each project owner to their capital team representative by day 5 of each reporting month. Day 5 monthly 5. Progress on each capital project will be monitored to assess actual spend against budget (CRL). On-going 6. All capital procurement to be completed to agreed timescales and within budget. Evidence of all spend must be detailed in progress report. Projects should be completed as early as possible in the financial year, ideally by end of quarter 3 (December 2015). 31 March 2016 7. BSO have statutory obligation to achieve full spend. Any projects at risk of underspend must be reported to the capital team representative for onward reporting to the Board and potential recycling / hand back of capital monies at the earliest opportunity. As applicable 8. Post project Evaluations must be completed and submitted on completion of project. 31 March 2016 7.3 ITS Programme
BSO_BUDGET_2015-16_-_FINAL_POST_BD_MEETING_28-05-2015.docx