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Each Section in this part contains an overview, Members’ and Officers’ responsibilities, and the policy for each task.

Contents

Financial Management

1 Financial Management Standards
Managing Budgets
   2 Revenue Budget Monitoring
   3 Virements - Revenue
   4 Treatment of Year End Balances - Revenue
   5 Capital and Contracts Monitoring
6 Accounting Policies
7 Maintenance of Accounting Records
8 The Annual Statement of Accounts

Financial Planning

9 Performance Plans
10 Financial Strategy
11 Resource Allocation – Revenue
12 Resource Allocation - Capital
Budgeting
   13 Budget Format
   14 Revenue Budget Preparation
   15 Capital Expenditure
   16 Capital Funding Sources
17 Fees & Charges
18 External Funding
19 Reserves
20 Borrow to Invest to Save

Risk Management & Control of Resources

21 Risk Management & Insurance
Audit Requirements
   22 Internal Audit
   23 External Financial Audit
24 Preventing Fraud and Corruption
Assets
   25 Inventories
   26 Security of Assets
   27 Stocks
   28 Asset Disposal
29 Treasury Management
30 Grant Claims and Bids
31 Staffing
32 Lost Property

Financial Systems and Procedures

General

33 Information Systems

Income and Expenditure

34 Income
35 Payments to Employees & Members
36 Ordering/Paying for Goods
37 Banking Arrangements & Cheques
38 Petty Cash/Imprest Accounts
39 Unofficial Funds
40 Claims for Expenses & Allowances
41 Gifts & Hospitality
42 Taxation
43 Trading Accounts
44 Write-Offs

External Arrangements

45 Partnerships
46 Work for Third Parties