Role Value Delegated Authority Method Review Period Finance committee to approve the issuing of sales invoices above £100,001, and then as Over £100,001 Finance Committee As required above Cash and cheques should be banked on a back to receipts issued. regular basis and should not be allowed to accumulate above £1,000. Banking should be Banking of cash and cheques Any School business manager or delegated checked and agreed by another member of administration assistant staff before being banked and should relate As required Bank accounts should be reconciled at least and filed. School business manager or delegated on a monthly basis by someone other than Reconciliation of bank administration assistant or finance the person doing the banking. Bank accounts consultant reconciliations should then be signed dated Monthly payments should be kept below £25. Receipts must be provided for any claim. Pre approval from the appropriate budget holder must be obtained before any Cash School business manager of delegated purchases take place. Period checks should Weekly administration assistant take place by finance consultant or responsible officer Petty cash should be kept in a locked tin and stored in the school safe. Petty cash
Role Value Delegated Authority Method Review Period Over £100,001 Finance Committee Finance committee to approve the issuing of sales invoices above £100,001, and then as above As required Banking of cash and cheques Any School business manager or delegated administration assistant Cash and cheques should be banked on a regular basis and should not be allowed to accumulate above £1,000. Banking should be checked and agreed by another member of staff before being banked and should relate back to receipts issued. As required Reconciliation of bank accounts School business manager or delegated administration assistant or finance consultant Bank accounts should be reconciled at least on a monthly basis by someone other than the person doing the banking. Bank reconciliations should then be signed dated and filed. Monthly Cash School business manager of delegated administration assistant Petty cash should be kept in a locked tin and stored in the school safe. Petty cash payments should be kept below £25. Receipts must be provided for any claim. Pre approval from the appropriate budget holder must be obtained before any purchases take place. Period checks should take place by finance consultant or responsible officer Weekly
Astrea-Scheme-of-Delegation-of-Financial-Powers-at-REV-13-May.docx