 MODEL FINANCIAL REGULAT IONS Page  7 of  20 1. BUDGETARY CONTROL AND A UTHORITY TO  SPEND 1.1. Expenditure on revenue items may be  a uthorised up to the amounts included for that  class of expenditure in the approved budget. This a uthority is to be determined by: • the  c ouncil for all items over  £1 ,000; • a duly delegated  c ommittee of the  c ouncil for items over  £ 25 0; or • the Clerk, in conjunction with Chairman of Council or  Chairm an of  the  appropriate  c ommittee, for any items below £ 250 . Such a uthority is to be evidenced by a m inute or by an a uthorisation slip duly signed  by the Clerk , and where necessary also by the appropriate Chairman. Contracts may not be  disaggrega ted to avo id controls imposed by the se r egulations. 1.2. No expenditure may be  a uthorised that will exceed the amount provided in the  revenue budget for that class of expenditure other than by  r esolution of the  c ouncil,  or duly delegated  c ommittee . During the budget year and with the approval of council  having considered fully the implications for public services, unspent and available  amounts may be moved to other budget headings or to an earmarked reserve as  appropriate (‘virement’) . 1.3. Unspent provisions in the revenue or capital budget s for completed projects shall not  be carried forward to a subsequent year . 1.4. The sala r y budgets are to be reviewed at least annually in [October] for the following  fi n ancial year and  such review shall be evidenced by a hard c o py schedule sig ned by  the Clerk and the Chairman of Council or relevant  c ommittee. The RFO will inform  committees of any changes impacting on their budget requirement for the coming  year in good time. 1.5. In cases of extreme  risk to the  delivery of council services, t he  c ler k may  a uthorise revenue  expenditure on behalf of the  c ouncil which in the clerk’s judgement it  is  necessary to carry out . Such expenditure includes  repair, replacement or other work,  whether or not there is any budgetary provision for the expenditure, subj ect to a limit  of £ 2 5 0 . The Clerk shall report  such action to the chairman as soon as possible and  to the c ouncil as soon as practicable thereafter. 1.6. No expenditure shall be  a uthorised in relation to any capital project and no contract  entered into or tende r accepted involving capital expenditure unless the  c ouncil is  satisfied that the necessary funds are available and the requisite borrowing approval  has been obtained. 1.7. All capital works shall be administered in accordance with the  c ouncil's standing  orders and financial regulations relating to contracts. The RFO shall regularly provide the  c ouncil with a statement of receipts and payments to  date under each head of the budgets, comparing actual expenditure to
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