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University of Cambridge Financial Regulations: Notice

Financial Regulations have been issued by the Council on the advice of the Finance Committee.

The purpose of these Financial Regulations is to ensure the proper use of finances and resources in a manner which not only satisfies the requirements of internal control expected of a substantial and prominent organization, but also fulfils any legal or financial obligations as laid down by the Statutes and Ordinances of the University, the Inland Revenue, Customs and Excise, the Higher Education Funding Council for England (HEFCE), and other authorities.

The Financial Regulations apply to all bodies included in the University's annual Abstract of Accounts and subsidiary companies. They apply to all funds received and held by those bodies from whatever source. They have been circulated to all Heads of Department, Chairmen and Secretaries of Faculty Boards, Heads of institutions under the supervision of the Council, including the University Offices, and those designated as such for financial management and control purposes. It is the responsibility of Heads of all University institutions to ensure that staff under their jurisdiction are made aware of the existence and provisions of these Financial Regulations, and that an adequate number of copies are made available for reference within the institution. In particular they must ensure that all staff are made aware of the wider implications of not complying with the Financial Regulations.

Additional copies of the Financial Regulations may be obtained from the office of the Director of Finance, Finance Division, University Offices, Old Schools, who should also be contacted for advice if there is any uncertainty as to their application. The Financial Regulations are also available on the Division's Website (http://www.admin.cam.ac.uk/offices/finance/finregs.html).

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Cambridge University Reporter, 7 August 2002
Copyright © 2002 The Chancellor, Masters and Scholars of the University of Cambridge.