Annex C - Authorisation levels
| Who? | Annual Budget | Expenditure (Purchase Invoice) | Borrowings | Leases/HP Contracts | Capital Programme [Note 19] |
|---|---|---|---|---|---|
| Council | Final approval | Final approval | Over £5 million | ||
| Finance Committee | Recommends | Recommends | £2 million to £5 million | ||
| The Vice-Chancellor | Under £2 million | ||||
| Finance Director | Over £50,000 (countersign) | Over £10,000 in value | |||
| Head of Budget Centre and Budget Unit | Virement in area of responsibility only | Over £25,000 | Under £10,000 in value | ||
| Budget holders (with delegated powers) | Under £25,000 (max.) |
[Note 19 - ref] All capital programme proposals are to be submitted via the Sifting Group. For further details, please refer to the paper on Capital Project Planning, Evaluation, Prioritisation and Approval Processes.