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Financial procedures

Contents

Introduction

A		Financial management
	1	Financial management standards

	2	Managing expenditure Virement Treatment of year-end balances

	3	Accounting policies

	4	Accounting records and returns

	5	The annual statement of accounts

B		Financial Planning
	1	Performance Plans

	2	Medium - term planning and forecasting

	3	Budgeting The budget format Revenue budget preparation Capital programmes

	4	Maintenance of balances and reserves

C		Risk management and control of resources
	1	Risk management

	2	Internal control

	3	Audit requirements Internal audit External audit

	4	Preventing fraud and corruption

D		Financial systems and procedures
	1	General

	2	Income and expenditure Income Ordering and paying for work Payments to employees and members

	3	Taxation

	4	Schools

	5	Business units

E		External arrangements
	1	Partnerships

	2	External funding

	3	Work for third parties