July 1, 2008
and still in effect
Finance and Administration
Subsection 94(5)(c) of the Workers’ Compensation Act S.Y. 2008 (the "Act") exempts the Yukon Workers’ Compensation Health and Safety Board (YWCHSB) from the Yukon Government 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 of Directors for approval.
Following the Board of Directors’ approval, the President/CEO will have full authority for expenditures as per section 116 of the Act. The budget will be approved and expended in two allotments, Operation & Maintenance (O & M) and Capital. Transfer of funds between these allotments will require approval by the Board of Directors.
As per section 116 of the Act, the President/CEO may delegate expenditure authority and will do so by establishing a directive.