May 2003/20
|
| To: | Heads of HEFCE-funded higher education institutions Heads of HEFCE-funded further education colleges Heads of universities in Northern Ireland |
| Of interest to those responsible for: | Finance, audit, planning |
| Reference: | 2003/20 |
| Publication date: | May 2003 |
| Enquiries to: | Richard Harris tel 0117 931 7347 e-mail r.harris@hefce.ac.uk |
Executive summary (read on-line)
Download
Report
[ MS Word 75K | Zipped Word 37K | Adobe PDF 18K | Zipped PDF 13K ]
Annex A Proposed revised financial memorandum
[ MS Word 182K | Zipped Word 41K | Adobe PDF 77K | Zipped PDF 62K ]
Appendix 1 Flow charts for prior Council consent
[ Adobe PDF 13K | Zipped PDF 11K ]
Annex B Template for responses
[ MS Word 21K | Zipped Word 4K | Adobe PDF 9K | Zipped PDF 6K ]
Executive summary
Purpose
1. The model financial memorandum, between HEFCE and the institutions we fund, sets out the terms and conditions for payment of HEFCE grants. This document seeks comments on our proposals to revise and update the memorandum.
Key points
2. The current financial memorandum has been in place since 1 August 2000. In general it is effective, but there are some areas that require clarification or updating. These areas are highlighted in the report, and the proposed revised version of the memorandum is attached as Annex A.
3. Following consultation, we propose to issue a final version of the financial memorandum in September, to take effect from 1 October 2003.
Action required
4. Comments on the proposals, and any other relevant issues, are welcome. They should be e-mailed to fmreview@hefce.ac.uk by 31 July 2003.