Budget and Organizational Control
Effective Dates
November 16, 1993 - June 30, 2008
Policy Code
FN-05
General Information
Section 46(5)(b) of the Workers' Compensation Act exempts the board from the Management Board Directives related to budget formulation and expenditure control. This policy will set out the principles and expectations of the administration with respect to budgets and organizational control.
As Chief Executive Officer, the President is responsible for the preparation of a corporate administration budget and its presentation to the Board for approval. The presentation format will be by branch, each branch delineating the costs of continuing programs from new initiatives or proposed changes in accordance with Goals & Objectives for the budget year.
Following Board approval, the President will have full authority for expenditures as per Section 100 of the Act. The budget will be approved and expended in two allotments, Operation & Maintenance and Capital. Transfer of funds between these allotments will require Board approval.
As per Section 100 of the Act, the President may delegate expenditure authority and will do so by Directive.