Budget Holder definition

Budget Holder means the director or employee with delegated authority to manage finances (Income and Expenditure) for a specific area of the organisation.

Budget Holder means the Chief Officer or employee with delegated authority to manage finances (income and expenditure) for a specific area of the organisation.

Budget Holder means any individual with delegated authority to manage finances (income and/or expenditure) for a specific area of the Board.

Examples of Budget Holder in a sentence

• However, even in case of further delegation to the Budget Holder for Direct Orders, the Requesting Unit must ask the Procurement Departments as above for the necessary procedures of contract conclusion when written contracts or other related documents are required.

• The Budget Holder must obtain approval to apply ANY exemption to the contract procedures outlined above by submitting an Exemption form (see Procurement webpage for link) to the Head of Procurement to consider the request and subject to their approval will forward the request to the Monitoring Officer, for further approval and finally to a Principal Officer for final confirmation of approval.

• The Budget Holder of Requesting Units may allow a certain Staff in Charge to approve Direct Orders on ERP system on his/her behalf.

• When procuring goods, services, and construction, the prior approval of the Budget Holder on the University’s ERP system is necessary regardless of the amount.

• Although the said Staff in Charge may approve the procurement above on the ERP system on behalf of the Budget Holder, the authority and responsibility for the procurement is not delegated to the Staff in Charge but remains with the Budget Holder.

More Definitions of Budget Holder

Budget Holder means the director or employee with delegated authority to manage finances for a specific area of the organisation.

Budget Holder means the person to whom budget management responsibility is delegated.

Budget Holder means the Director, Assistant Director or other named senior manager with delegated authority to manage finances for a specific area of the organisation.

Budget Holder means the director of employee with delegated authority to manage finances (Income and Expenditure) for a specific area if the organisation; Clear Day”means a day of the week not including Saturday, Sunday or public holiday; ”Committee”means a Committee or sub-Committee created and appointed by the council of governors;

Budget Holder means an officer to whom the Accounting Officer has delegated a budget.

Budget Holder means the relevant Head of Service, Chief Executive or other Officer authorised by such Head of Service to manage a budget

Budget Holder means a person responsible for the budgetary control of a defined portion of the Group.