Financial Regulations

1. General

1.1 These Financial Regulations are made by the University in accordance with the provisions of the Education Reform Act, the conditions laid down by the Higher Education Funding Council (England) and in accordance with the Articles of Government of the University. They are an essential part of the Corporate Governance of the University

1.2 For the purposes of these Regulations:-

1.3 "The HEFCE" means the Higher Education Funding Council (England).

1.4 "The Corporation" means the Liverpool John Moores University Higher Education Corporation.

1.5 "The University" means the Liverpool John Moores University which the Corporation has been established to conduct.

1.6 "The Board" means the Board Members of the Liverpool John Moores University Higher Education Corporation.

1.7 "The Vice-Chancellor" means the Chief Executive of Liverpool John Moores University.

1.8 The "Strategic Management Group" (SMG) means members of the Strategic Management Group of Liverpool John Moores University.

1.9 "The Executive Director" means the Executive Director of Liverpool John Moores University.

1.10 "The Clerk to the Board" means the Pro Vice-Chancellor (Administration) & University Secretary of Liverpool John Moores University.

1.11 "The Finance Director" means the Finance Director of Liverpool John Moores University.

1.12 "The University Secretary" means the Pro Vice-Chancellor (Administration) & University Secretary of Liverpool John Moores University.

1.13 "The Director of Corporate Services" means the Director of Corporate Services of Liverpool John Moores University.

1.14 "Budget Holder" means a person to whom budget responsibility has been delegated by the Board or the Chief Executive.

1.15 "Faculty" shall mean a Faculty or Academic Department of the University.

1.16 "The Pro Vice-Chancellor (Infrastructure) means the Pro Vice-Chancellor (Infrastructure) of Liverpool John Moores University.

1.17 "Service" shall mean a Service Department of the University.

1.18 "The Staff" includes both teaching and other staff of the University.

1.19 The Accounting Instructions referred to in these Regulations shall form part of the Financial Regulations.



Page last modified by Matt Blandford on 08 April 2008.
 
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