Budget Owner: Difference between revisions
From Freegle Wiki
Jump to navigationJump to search
NotNowCraig (talk | contribs) (Created page with "The board agreed the concept of Budget Owner at the board meeting on the 7th February 2024 ===Board Agenda Role=== Expenditure items defined in the budget must have a budget owner. A budget owner is repsonisble 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 A budget owner does not have to be the same p...") |
No edit summary |
||
| (One intermediate revision by one other user not shown) | |||
| Line 4: | Line 4: | ||
Expenditure items defined in the budget must have a budget owner. | Expenditure items defined in the budget must have a budget owner. | ||
A budget owner is | A budget owner is responsible for: | ||
* Explaining what the line item expenditure is for | * Explaining what the line item expenditure is for | ||
* Explaining the rationale for the budget cost/estimate and approved expenditure amounts | * Explaining the rationale for the budget cost/estimate and approved expenditure amounts | ||
* If asked, confirming that we have | * 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 | 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: | We should aim to adopt the following best practice: | ||
* A budget owner should be a role holder or board member | * A budget owner should be a role holder or board member | ||
* A budget | * A budget owner should not be the same person that provides the service or item being paid for | ||
[[category:Finance]] | |||
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
Board Agenda Role
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
Best Practice Guidelines
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
