Finance

P_F_02 Treasury Management Policy

The Policy establishes a clear control framework for managing treasury activities and mitigating risks to ensure the objectives are delivered. The Trust can only invest surplus funds solely within the Government Banking Services (GBS) and the National Loans Fund, up to a maximum investment period of three months. The Trust has put in place key controls over the treasury and investment system that include:

    • Clear definition of policies, processes and controls including description of roles and duties of the parties involved.
    • Regular review of treasury activities.
    • Separation of duties between those who set policy and monitor compliance and those who account for treasury activities and
    • The inclusion of treasury management activities within the scope of review by internal audit and external audit.

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G_F_03 Losses and Compensation Procedure

All NHS Trusts are required to have procedures in place to record both details of losses incurred by the Trust and any special payments made outside the normal activities of the Trust. A register of such losses and special payments must be kept. The register is kept by the Finance Directorate and forms part of the Trust’s annual accounts which are subject to scrutiny by the external auditors.

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G_F_02 Petty Cash Procedure

The purpose of this Procedure Note is to clarify the arrangements for the holding, payment from, topping up and accounting for petty cash by Lincolnshire Community Services NHS Trust, hereafter referred to as the ‘Trust’. This procedure applies to all Trust petty cash floats

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G_F_01 - Management of Income and Deposits SOP

This policy aims to offer practical advice and outline steps of best practice for the safe and secure management of handling, and depositing of cash which includes cheques and telephone payments.

Secure and safe cash controls will reduce the potential risk or errors which could impact negatively on patients or practitioners.

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P_Fin_01 Countering Fraud and Corruption Policy, Strategy and Guidance Notes

This document supports the prevention and deterrence of fraud and corruption. It contains the organisation's:

  • Counter Fraud and Corruption Policy
  • Strategy for countering fraud and corruption
  • Additional guidance for use by staff, contractors and the public

A counter fraud workplan, in support of the strategy, is approved annually by the audit Committee.

Strategy Elements:

  • Culture and awareness - promote honesty, raise awareness of frauds and corruption
  • Deterrence and prevention - give fraud proofing advice on systems and processes
  • Investigation of suspected fraud
  • Sanction and redress - to pursue appropriate disciplinary, criminal or civil action
  • Education
  • Partnership

 

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