POSTS RELATED TO INCOME GENERATION
The University encourages the creation of post(s) where a
clear opportunity exists for additional income and a net
surplus.
The staff requisition for new post(s) must be supported by a
statement of the reason for the post and a summary budget in the
following format:
| |
Year 1 |
|
Year 2 |
| Income |
|
|
|
| |
|
|
|
| Pay |
(
) |
|
(
) |
| |
|
|
|
| Non-pay |
(
) |
|
(
) |
| Anticipated surplus/(deficit) |
|
|
|
| |
|
|
|
The post(s) should normally be of a fixed nature, usually up
to a maximum two years.
On approval of the post(s), the relevant budget lines for
income, pay and non-pay will be increased in line with the budget
statement above and monitored by the budget holder and Central
Finance.
Pay Budget Overspends
Budget holders are reminded that any overspends on budgets
will be fully carried forward to the next financial year as a
reduction in the Court approved budgets.
Overspends in two consecutive financial years are not normally
allowed and may result in the budget holder's authorisation rights
being withdrawn.
Warning Statement
Where a pay budget is showing a material adverse variance at a
point when the monthly management report of the University of
Westminster is produced, a request for an explanation/action to be
taken to address the overspend will be sent to the primary and
secondary budget holder. If no acceptable reply is forthcoming, a
"warning statement" will be lodged by the Director of Finance with
Human Resources and appropriate VCEG member, which "freezes" any
appointments of a permanent or temporary nature.
Until this "warning statement" is withdrawn by the Director of
Finance, the above procedures will be overridden.
Note: These Procedures should be read in conjunction with
the Paper approved by VCEG in respect of Appointments.