Transcription of FINANCIAL REGULATIONS PREAMBLE
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FINANCIAL REGULATIONS PREAMBLE
FINANCIAL REGULATIONS . PREAMBLE . These REGULATIONS are made by the Director of Finance, acting on the advice of the Management Board, under powers conferred by the Council under paragraph 5 of Ordinance C1. They are subordinate to, and should be read in conjunction with the College s Statutes and Ordinances and in particular with Ordinance C1 : FINANCIAL Matters. Terms defined in the Charter, Statutes and Ordinances bear the same meaning in these FINANCIAL REGULATIONS , unless the context requires otherwise. These REGULATIONS apply only to College, as defined in paragraph 7c of Ordinance C1. It is the responsibility of Heads of Department to ensure that their staff are made aware of the existence and content of these REGULATIONS . RESPONSIBILITIES FOR FINANCIAL MANAGEMENT. The Management Board The key responsibilities of the Management Board are to set and review the College s high- level strategy and priorities, and to allocate resources for College activities.
1 FINANCIAL REGULATIONS PREAMBLE 1.1 These Regulations are made by the Director of Finance, acting on the advice of the Management Board, under powers conferred by the Council under paragraph 5 of Ordinance C1.
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