Budgeting procedures Clause Samples

Budgeting procedures. The parties shall be bound by the budgeting procedures set out in clause 9.4.15.

Budgeting procedures. 24.1. The MOD has a responsibility for funding the SCOAF. However, the SCOAF should provide assurance to the PAO that they have systems in place adequate to meet the standards in Box 3.1 of MPM, and its successors (in line with the PAO’s responsibilities in the MPM paragraph 3.3.1). 24.2. Each year, in the light of decisions by the MOD on the updated draft corporate plan, the Department will send to the SCOAF: • a formal statement of the annual budgetary provision allocated by the Department in the light of competing priorities across the Department and of any forecast income approved by the Department. • a statement of any planned change in policies affecting the SCOAF. 24.3. Once the budget has been approved by the MOD, the SCOAF will have authority to incur expenditure approved in the budget without further reference to the MOD, on the following conditions: • the SCOAF will comply with delegations and spending controls. • delegations will not be altered without prior agreement of the MOD. • the SCOAF will comply with all MPM rules (including those on novel, contentious or repercussive proposals). • inclusion of any planned and approved expenditure in the budget will not remove the need to seek formal departmental approval where any proposed expenditure is outside the delegated limits or is for new schemes not previously agreed. • the SCOAF’s business plan will take account of approved funding provision and any forecast receipts and will include a profile of expected expenditure and other income over the year. 24.4. The SCOAF will operate relevant systems that enable timely and effective reviews (at least quarterly) of financial and non-financial performance against the budgets and targets set out in the corporate and business plans. A mid-year review of the current year’s business plan will aim to be completed in October and inform the identification of priorities for the following financial year. Reporting information to the MOD will be proportionate to the SCOAF’s activities and risks posed to the MOD. As a minimum, the SCOAF will provide the MOD with monthly information that will enable the Department satisfactorily to monitor: • the SCOAF’s cash management and headcount information. • forecast outturn by resource headings with variance analysis. • other data required for HM Treasury’s Online System for Central Accounting and Reporting. 24.5. The SCOAF will provide the MOD with such information about its operations, performance, individual projects, ...

Budgeting procedures. 16.1 Where possible the Home Office will provide indicative allocations, for planning purposes only, for the period possible in line with the Department’s own indicative allocations. Each year, as close as possible to the start of the financial year, the Home Office will send to the GLAA: • a letter of financial delegation which confirms the GLAA’s total government funding allocation within which they are expected to deliver their business plan. This delegation remains in place until overtaken or withdrawn. • the Home Office will provide indicative future years allocations, for planning purposes only, to the GLAA corresponding to the Home Office indicative allocations. Where this is not possible, for example, at the end of a Spending Round, the Home Office will provide a clear explanation to GLAA on the reasons. 16.2 The approved annual business plan will take account both of planned expenditure and any forecast receipts, and will include a budget of estimated payments and receipts together with a profile of expected expenditure and of draw-down of any departmental funding and/or other income over the year. These elements form part of the approved business plan for the year in question. 16.3 Any significant finance decisions or expenditure not covered by a formal delegation must be agreed by the responsible Home Office Minister, Her Majesty’s Treasury (HMT) or Cabinet Office as necessary.

Budgeting procedures. 19.1. Each year, in the light of decisions by the Department on the updated draft strategic plan, the Department will send to Cafcass as part of the annual remit process: 1. a statement of any planned change in policies affecting Cafcass; and 2. a formal statement of the annual budgetary provision allocated by the Department in the light of competing priorities across the Department and of any forecast income approved by the Department. 19.2. The approved annual business plan will take account both of approved funding provision [where this applies] and any forecast receipts, and will include a budget of estimated payments and receipts together with a profile of expected expenditure and of draw-down of any the Departmental funding and/or other income over the year. These elements form part of the approved business plan for the year in question.

Budgeting procedures. 12.1 Each year, in light of decisions by the MoJ on the updated draft corporate plan, the MoJ will send to the PPO, as close to the end of the financial year as possible, a formal statement of the annual budgetary provision. The statement will be allocated by the Department with consideration of competing priorities across the Department, and of any forecast income approved by the Department, including funding from other Departments, and will include a statement of any planned changes in policies affecting the PPO. 12.2 The PPO business plan will take account of approved funding provision and any forecast receipts, and will include a profile of expected expenditure and other income over the year. 12.3 The PPO will operate relevant systems that enable timely and effective reviews (at least quarterly) of financial and non-financial performance against the budgets and targets set out in the corporate and business plans. A mid-year review of the current year’s business plan will aim to be completed in October, and inform the identification of priorities for the following financial year. Reporting information to the MoJ will be proportionate to the PPO’s activities and risks posed to the MoJ. As a 6 ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇/government/publications/orange-book 7 ▇▇▇▇://▇▇▇▇▇▇▇▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇/20120906143131/http://www.hm- ▇▇▇▇▇▇▇▇.▇▇▇.▇▇/▇/▇▇▇▇▇▇▇▇_▇▇▇_▇▇▇▇_▇▇▇▇▇_▇▇▇▇▇_▇▇▇_▇▇▇▇▇▇▇▇.▇▇▇ 8 ▇▇▇▇▇://▇▇-▇▇-▇▇▇▇-▇.▇▇▇▇▇▇▇▇▇.▇▇▇/ppo-prod-storage-1g9rkhjhkjmgw/uploads/2017/04/PPO- Terms-of-reference-2017.pdf minimum, the PPO will provide the MoJ with monthly information that will enable the Department satisfactorily to monitor:  the PPO’s cash management and headcount information;  forecast outturn by resource headings with variance analysis; and  other data required for HM Treasury’s Online System for Central Accounting and Reporting. 12.4 The PPO’s delegated authorities are set out in writing in a letter from the sponsoring Director General to the PPO. The PPO will obtain the MoJ’s prior written approval before:  entering into any undertaking to incur any expenditure that falls outside the delegations or which is not provided for in the PPO’s annual budget as approved by the MoJ;  incurring expenditure for any purpose that is or might be considered to be novel or contentious, or which has or could have significant future cost implications;  making any significant change in the scale of operation or funding of any initiative or particular scheme previously a...

Budgeting procedures. 23.1 Each year, following agreement on the SIA business plan, the Home Office will send to the SIA’s Chief Executive a letter of financial delegation which confirms the SIA’s total government funding allocation within which they are expected to deliver their business plan. The total allocation will only include capital totals for the remainder of the spending review. 23.2 The approved annual business plan will take account both of approved funding provision and any forecast receipts and will include a budget of estimated payments and receipts together with a profile of expected expenditure and of draw-down of any departmental funding and/or other income over the year. These elements form part of the approved business plan for the year in question.

Budgeting procedures. In August of each year, the Sponsor will set out the objectives and requirements of SRT (and/or any changes to existing objectives and requirements) for the purpose of allowing SRH to propose a budget. Each year, Scotland’s Railway Financial Model (covering the next 5 year period) shall also be updated and submitted by SRH, along with the business plan, to the Sponsor Representative (acting on behalf of the Scottish Ministers) for approval in September of each year prior to the beginning of the financial year in question. The Strategic Rail Board will consider the budget proposed by SRH when the Scottish Ministers publish the Scottish Budget and the Sponsor Representative will discuss approvals and/or changes required with SRH. In light of such discussions and decisions by the Scottish Ministers on the allocation of budgets for the forthcoming financial year, the Sponsor Representative will send to SRH a formal statement of its budgetary provision, and a note of any related matters and details of the budget monitoring information required by the Scottish Government (the “Budget Allocation and Monitoring Letter”). The terms of that Budget Allocation and Monitoring Letter should be viewed as complementing the terms of this Framework Agreement.

Budgeting procedures. Each year, HMT will send the CMA a formal settlement letter outlining the budgetary provision allocated by HMT for the period.

Budgeting procedures. 4.5.1 ICAI’s financial performance shall be reviewed formally at each meeting of the ICAI Board of Commissioners which will include representation at least once a year from DFID. It shall also be reviewed jointly, and regularly by ICAI and the DFID sponsorship and finance teams, involving DFID HR as necessary on headcount issues. The Head of Secretariat has designated responsibility for advising the Chief Commissioner and Commissioners on any financial issues which he or she considers should be brought to their attention between meetings. For this purpose, the Chief Commissioner will meet with appropriate senior staff at regular intervals and receive reports on financial performance at intervals of not less than one month. 4.5.2 The ICAI Board of Commissioners will consider budget proposals for the following financial year in the preceding year, and recommend a budget for submission to DFID in accordance with dates agreed with DFID. 4.5.3 The recommended budget will be within the overall financial limit agreed by DFID.