Common use of Central Services Clause in Contracts

Central Services. 1 To determine the scope of mandatory core services to be delivered by the Company on behalf of its Academies FARC 2 To identify those additional services to be procured on behalf of individual academies FARC 3 To ensure centrally procured services provide value for money FARC 4 To develop and approve a Finance Policy FARC 5 To determine the proportion of the overall Academy budget to be delegated to individual Academies BOARD 6 To develop and propose the individual Academy budget and cash flow plan to the Board by the date set by the Trust. First formal budget plan to be submitted to the Trust by the end of May through the Trust’s budget software (BPS). LGB 7 To approve the formal budget plan each financial year FARC 8 To monitor expenditure against budget on a regular basis RESOURCES 9 Within the limits of the DNEAT Financial Policy, to take day to day management decisions regarding virement between budget headings and report to the LGB HT 10 To approve any virement between budget headings and/or likely budget overspends except where this would produce a deficit RESOURCES 11 To establish financial decision levels and limits in accordance with section 6 of the Scheme of Delegation and the Trust Finance Policy FARC 12 To establish a charging and remissions policy (see also 43) FARC 13 To appoint the Accounting Officer BOARD 14 To manage the miscellaneous financial expenditure outside of the agreed budget HT 15 To enter into contracts of less than one year up to the limits of delegation and within an agreed budget RESOURCES HT 16 To enter into contracts of more than one year up to the limits of delegation and within an agreed budget. FARC 17 To make payments within financial limits set out in the Finance Policy RESOURCES HT