Value for Money Group
Terms of Reference:
|(a)||To consider initiatives within Schools and Directorates to imrpvoe VFM, including benefits achieved.|
|(b)||To consider relevant information from within the sector and from similar institutions to compare procedures, practices and costs and thereby assess opportunities to improve VFM.|
To identify the development mechanism and reporting requirements for any new initiatives.
|(d)||To prepare an annual report for consideration by the UON and for onward transmission to the Audit Committee.|
|Chair:||Director of Finance|
Deputy Director of Finance
Representatives of the Internal and External Auditors
|Serviced by:||Finance Directorate|
Receives reports from:
|Advisory Groups as appropriate.
|Meetings:||Three times a year.|