Changes to spending approval limits
The Trust is currently implementing changes to the scheme of delegation spending approval limits to support the management of our finances as part of our Financial Plan. Individual budget holder limits will be updated, with all changes fully implemented by 6 June.
The table below illustrates the Board approved changes which have now been aligned to our systems:
| Budget holder band | Current approval rate | Proposed approval rate |
|---|---|---|
| Band 6 | £5,000 | £500 |
| Band 7 | £10,000 | £1,000 |
| Band 8a | £15,000 | £1,500 |
| Band 8b | £20,000 | £5,000 |
If you have any questions, please speak to your management accountant and thank you for your continued support.