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Funding Policy and Procedures Version 1.4Author: Senior Manager Quality Assurance, Quality Assurance Department Reviewed by Senior Manager Administration, Administration Department and Head of FinanceContentsFunding
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Funding policy and procedures are the guidelines and rules set by an organization for the allocation and management of financial resources.
All organizations, including non-profits and businesses, are required to have and file funding policy and procedures.
Funding policy and procedures can be filled out by detailing the organization's financial goals, allocation methods, approval processes, and reporting requirements.
The purpose of funding policy and procedures is to ensure transparency, efficiency, and accountability in the management of financial resources.
Information such as financial goals, budget allocation criteria, approval processes, and reporting requirements must be reported on funding policy and procedures.
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