Budget Owner: Difference between revisions
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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...") |
NotNowCraig (talk | contribs) m (Added Finance Category) |
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* A budget owner should be a role holder or board member | * 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 onwer should not be the same person that provides the service or item being paid for | ||
[[category:Finance]] | |||
Revision as of 12:36, 5 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 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 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 onwer should not be the same person that provides the service or item being paid for
