3.26

The value up to which nominated staff are authorised to sign contracts on behalf of the Council

£140,000

A2.21

Where proposed virements are expected to exceed this figure, to prepare jointly with the Section 151 Officer a report to Council

£1,000,000

A2.21

Where proposed virements are expected to be between these figures, the director or manager must prepare jointly with the Section 151 Officer a report to Cabinet

Over £500,000 to £1m

A2.21

Where proposed virements are expected to be from salaries budgets, the director or manager must prepare jointly with the Section 151 Officer a report to Cabinet

All

A2.23

B2.39

To formally report all virements to the Section 151 Officer for inclusion on a register and for their reporting to Cabinet for information

£140,000 to £500,000

A2.24

B2.46

The amount up to which a director or manager with the approval of the Section 151 Officer, may exercise virements on budgets within or outside of their control within a policy area, on any one budget head during the year subject to conditions set out in Financial Rules. 

£500,000

B2.47

The amount above which the director or manager, shall prepare and submit monthly joint reports with the Section 151 Officer for Cabinet’s approval of variations in capital project contract costs

In excess of 5% of the current scheme budget or £5,000, whichever is greater.

B2.48

The amount above which the director or manager, shall prepare and submit joint reports with the Section 151 Officer for Cabinet’s approval of capital projects, where the final expenditure exceeds the approved contract sum.

In excess of 5% of the current scheme budget or £5,000, whichever is greater.

C3.22

Level above which disposal of surplus equipment, stocks or stores should be by competitive tender or public auction and records maintained.

£5,000

C3.38

Level above which the individual disposal of redundant surplus equipment should be approved by Cabinet.

£100,000

C3.35

Level below which discrepancies can be written off.

£5,000

C3.37

Level above which Internal Audit advice shall be sought on discrepancies.

£5,000

C3.38

Levels between which approval is sought to write off redundant stocks and stores with the agreement of the Section 151 Officer.

£5,000 to £100,000

D2.6

Level up to which the write off of bad debts is agreed by the Section 151 Officer.

£100,000

D2.6

Level above which the write off of bad debts is referred to the appropriate Council body by the Section 151 Officer.

£100,000

D2.22

Level below which write offs can be undertaken.

£5,000

D2.23

Levels between which approval of the Section 151 officer is required to write off individual amounts, or totalled amounts of an individual debtor.

£5,000 to £100,000