Administration of Petty Cash and Security

East Riding of Yorkshire Children's homes should be managed efficiently, on a financially sound basis, and should be sufficiently funded to achieve their Statement of Purpose and National Minimum Standards.

The registered person should have the necessary ability to plan, budget and administer the finances for the home, to ensure that it is run on a sound financial basis.

The Responsible Person should ensure that the funding of the home is sufficient to finance the fulfillment of the home's Statement of Purpose, the national minimum standards, and any conditions of the home's registration.

The Home's accounts should demonstrate that the home is managed in a financially viable manner and is able to have sufficient funding to continue to fulfill its Statement of Purpose during each financial year

Any property handed to staff for safe keeping by children/young people resident in the Home, should be properly recorded and kept in a secure place.

1. East Riding of Yorkshire Council has separate procedures relating to the handling of petty cash, and all staff should ensure that they comply with them at all times;
2. The Responsible Person should review the Home' budget annually to ensure that the funding of the Home is sufficient to achieve its Statement of Purpose and the national minimum standards;
3. The Responsible Person should ensure that the Registered Manger receives any appropriate training necessary to plan, budget and administer the finances for the home
4. The Registered Manager should monitor all the Home's budgets and ensure that the Home is managed on a sound financial basis;
5. The Registered Manager should ensure that all staff members comply with the Council's policies and procedures regarding the handling of petty cash and the management of budgets;
6. The Registered Manager should ensure that a copy of the Council's Financial Policies and Procedures are available in the Home;
7. All staff should ensure that an accurate record is made when they handle any money or property belonging to the Home or any child/young person resident in the Home;
8. The Registered Manager should ensure that all cash handled in the Home, and all personal property handed to staff for safe keeping, is accurately recorded and is kept in a secure place.