Budget Owner: Difference between revisions

Latest revision as of 13:06, 7 January 2025

The board agreed the concept of Budget Owner at the board meeting on the 7th February 2024

Expenditure items defined in the budget must have a budget owner.

A budget owner is responsible for:

Explaining what the line item expenditure is for
Explaining the rationale for the budget cost/estimate and approved expenditure amounts
If asked, confirming that we have received the service/item paid for

A budget owner does not have to be the same person who buys the service or carries out the work

We should aim to adopt the following best practice:

A budget owner should be a role holder or board member
A budget owner should not be the same person that provides the service or item being paid for

@@ Line 4: / Line 4: @@
 Expenditure items defined in the budget must have a budget owner.
-A budget owner is repsonisble for;
+A budget owner is responsible for:
 * Explaining what the line item expenditure is for
 * Explaining the rationale for the budget cost/estimate and approved expenditure amounts
-* If asked, confirming that we have recieved the service/item paid for
+* If asked, confirming that we have received the service/item paid for
 A budget owner does not have to be the same person who buys the service or carries out the work
@@ Line 14: / Line 14: @@
 We should aim to adopt the following best practice:
 * A budget owner should be a role holder or board member
-* A budget onwer should not be the same person that provides the service or item being paid for
+* A budget owner should not be the same person that provides the service or item being paid for
 [[category:Finance]]