144 Write-Offs

• Income, Stocks and Inventory deficiencies up to £100 may be written off by the relevant Business Unit Head.
• Any item over £100 can only be written-off by the relevant Business Unit Head and the Head of Resources (in the case where the Head of Resources is the Business Unit Head that wishes to write off an amount further approval must be obtained from a Director).
• A report must be submitted at least annually by the relevant Business Unit Head to the relevant Cabinet Member on the level of write-offs in the period.
• The Head of Resources will report annually on the overall level of write-offs as part of the Statement of Accounts process.

144.1 Adjustments

• Adjustments of up to £5 can be made with the approval of the Head of Resources.