Reference document

Title
Depositing and Investing Funding Contributions
Description

Heads of Alliance Bodies, through the Financial Controller, shall respectively designate the bank or banks in which the funds for these bodies are to be held. The Heads of Alliance Bodies are authorised to make short-term low risk investments of funds not immediately required according to the basic principles of sound financial management. They shall declare to the relevant finance committee the income on such investments as miscellaneous income in the annual financial statements. In selecting a bank or financial institution and making short term, low risk investments, they shall aim to obtain the most favourable conditions for the required services in terms of costs, returns and financial risk taking account of the prevailing market conditions.

Level
7
emUUID
0b15fe4f-6ca0-4513-836f-9756398f80d5
Parent
Processes Relating to the Provision of Funds