Financial Planning / Financial Forecasting, Capital Asset Accounting / Fixed Asset, Treasury Function / Cash Management

Financial Planning / Financial Forecasting

As part of the budgeting and monitoring process and to meet internal and external reporting requirements finance regularly prepare and report on a summary budget position for a rolling period of 4 years. The updated ‘Financial Forecasts’ which include an income & expenditure statement, a balance sheet and a cash flow forecast are presented to Finance Committee and Council throughout the year for their approval. Copies of the minutes can be found on the Governance and Planning web pages

Capital Asset Accounting / Fixed Asset

Finance monitor and report on the costs incurred on all major capital projects. The costs incurred are reported within the capital programme and this is published within the Executive Summary of the Gold Report. All new capital projects are subject to approval before commencement. On approval requests should be made to Finance for a code to be set up using the ‘request for new capital code’ form available on the Forms Index page Any procurement against capital projects should adhere to the purchasing policy and procedures contained on the Procurement website

Treasury Function / Cash Management

The University manages its cash and investments internally within the guidelines set and approved by Finance Committee as contained within the University’s Treasury Policy. The treasury policy is currently under review.


Contact Details

Project Accountant: Christine Harwood 01524 592086/ email c.harwood@lancaster.ac.uk

Assistant: Sarah Harding 01524 593751/ email s.harding@lancaster.ac.uk


B Floor, University House, LA1 4YW
Phone No: 01524 592086
Fax No: 01524 843087


Disclaimer

Whilst every effort has been taken to ensure the accuracy of the information in these pages, Finance wishes to emphasise that the contents contained are regularly reviewed and are naturally subject to change from time to time as required. It is the responsibility of the user/reader to check the accuracy of relevant facts with the appropriate department before entering any financial or other commitment based upon them.

 

Lancaster University
Bailrigg
LancasterLA1 4YW United Kingdom
+44 (0) 1524 65201