Common use of Financial Systems Clause in Contracts

Financial Systems. 8.3.1 The Chief Financial Officer will work with the Section 95 Officer of the Council and Director of Finance of NHS Highland to ensure appropriate systems and processes are in place to: • Allow execution of financial transactions. • Ensure an effective internal control environment over such • Maintain a record of the income, expenditure, assets and liabilities of the IJB. • Enable reporting of the financial performance and position of the IJB. • Maintain records of budgets, budget savings, forecast outturns, variances, variance explanations, proposed remedial actions and financial risks.