As we near the end of our financial year (31 July 2023), you\u00a0are reminded\u00a0of the continued need to limit our non-pay spend.\u00a0This Financial Year has been very challenging as a number of external factors outside University control have impacted upon us. These are unavoidable, sector wide issues that have affected every institution in Higher Education in the UK.<\/p>\n
The University\u00a0continues\u00a0to work within extremely challenging financial conditions.\u00a0We must all take steps to help the University through\u00a0these\u00a0times\u00a0and we all have a critical role to play through continuing to minimise all spend in every area.<\/p>\n
Most urgently, we need your support in ensuring we significantly reduce end-of-year outlay. In previous years,\u00a0we have seen a significant increase in spending as the Financial Year End gets closer.\u00a0This cannot\u202fhappen this year\u202fand\u202ftherefore<\/u>\u00a0any unspent budget for\u00a022\/23\u00a0must only be used\u202fwhere\u202fabsolutely essential.<\/strong>\u00a0Budgets will remain tight over next year, too, so rather than deferring spending we all need to be doing everything possible to eliminate non-essential spend completely.\u00a0All spend must be carefully considered, and only unavoidable, essential or urgent spend can occur in future.\u00a0 Essential spend should contribute to income generation and the experience \/ support of our students, which will help with retention, and be in line with our agreed strategic priorities.<\/strong> This restriction includes any future planned travel, with anything not yet booked only likely to be approved if it is absolutely unavoidable.<\/p>\n I appreciate you will continue to get\u202fpurchasing and expenditure\u202frequests from within your School or Department and encourage you to share this email with staff as required to help respond to these. Budget holders should also review planned expenditure and consider if any proposed projects can be paused, deferred, or cancelled.<\/p>\n To help\u00a0with our planning, it would be appreciated if you\u202fcould\u202fnotify our\u00a0Procurement team\u202fof any significant essential spend that needs to be incurred between now and year-end, with as much advance notice as possible. Similarly, any queries\u202frelating to this\u202fcan also be forwarded to the Procurement Team, who will be closely monitoring spend between now and the end of July.\u202f\u202fSpend over \u00a35,000 will require Business Justification and pre-clearance for any commitments.<\/p>\n A further announcement on Non Pay may be made in future.\u00a0Thank you for your continued support.<\/p>\n","protected":false},"excerpt":{"rendered":" As we near the end of our financial year (31 July 2023), you\u00a0are reminded\u00a0of the continued need to limit our non-pay spend.\u00a0This Financial Year has … Read more<\/a><\/p>\n","protected":false},"author":55180,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[137344],"tags":[],"_links":{"self":[{"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/posts\/2746"}],"collection":[{"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/users\/55180"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/comments?post=2746"}],"version-history":[{"count":5,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/posts\/2746\/revisions"}],"predecessor-version":[{"id":2758,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/posts\/2746\/revisions\/2758"}],"wp:attachment":[{"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/media?parent=2746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/categories?post=2746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.kent.ac.uk\/finance-news\/wp-json\/wp\/v2\/tags?post=2746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}