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4. Designated Officer
4.1. The Vice-Chancellor and Chief Executive is the University’s accountable officer responsible for the financial administration of the University’s affairs. In this capacity, the Vice-Chancellor and Chief Executive must advise Council if, at any time, any action or policy under consideration by them appears to the Vice-Chancellor and Chief Executive to be incompatible with the Financial Memorandum. If Council decides nevertheless to proceed, the Vice-Chancellor and Chief Executive must immediately inform the chief executive of the Funding Council in writing.
4.2. The Vice-Chancellor and Chief Executive must ensure that annual estimates of income and expenditure are prepared for consideration by Council and for the management of budgets and resources within the estimates approved by Council. As the designated officer, the Vice-Chancellor and Chief Executive may be required to justify any of the University’s financial matters to the Public Accounts Committee at the House of Commons.
4.3. The Vice Chancellor’s Executive Group (VCEG) includes the Deputy Vice-Chancellors and the Chief Operating Officer, together with other members of senior management, and supports the Vice-Chancellor and Chief Executive in an advisory capacity.