Often departmental activities will be funded from a variety of sources that may include income for a trust fund. In order to make the best use of the various funds available, a Department should in general seek to charge expenditure against funds in the following order of priority, subject of course to eligibility and the extent of available balances.
First charge to | Restricted Funds
|
Then | General Donations |
Finally charge to | Other balances available to the Department e.g.
|
Responsibility for ensuring that Departmental procedures achieve this order of priority rests with the head of Department. We have a duty to spend any restricted money first and the key factors affecting the order of spend are likely to be a combination of: