Financial Delegation definition

Financial Delegation. – means a formal delegation allowing an employee to authorise / approve the expenditure or reimbursement of money within an approved budget and delegation limit.
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Financial Delegation means the policy in writing approved by the Committee from time to time authorising expenditure without prior approval of the Committee;
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Examples of Financial Delegation in a sentence

  • The financial and administrative framework, including human resources administration, for ELTO is set out in the Ministry’s Financial Delegation Framework documents.

  • The provisions contained within this Service Level Agreement are entirely without prejudice to the conditions and obligations prescribed within the Torfaen Scheme of Financial Delegation to schools, as set out in the ‘Guide to Financial Management’, link below: Our objective is simple – to provide excellent customer service.

  • Where Cordale is able to demonstrate that it would be unreasonable to do so, taking into account considerations of quality, timeliness, performance, impact of Parent’s arrangement and price and the other external providers available to Cordale, in consultation with Caledonia it may procure external services in line with the Scheme of Financial Delegation and where the procurement would not be detrimental to Group arrangements.

  • The Trust’s Scheme of Financial Delegation, which the Trust is required to have under the Academy Trust Handbook, is set out in a separate document and also supplements this Scheme in respect of the delegation of financial powers and the operation of robust internal controls.