Budget
The Velocity Interoperability Network is funded by a single annual budget. The budget covers one financial year, running from 1 January to 31 December, and is prepared by the Department from the estimates submitted by each department of the Network.
A draft budget is circulated to all member organisations by 1 October. Members have thirty days to submit comments. The final budget is laid before the members for approval by 1 December and takes effect on 1 January. Where a budget has not been approved by that date, expenditure continues at the level of the previous year until it is.
Budget lines
- Operation of the shared registries, directories and interoperability services of the Network.
- Running costs of the departments and offices of the Network.
- Certification, testing and standards maintenance.
- Audit, oversight and publication of accounts.
- Reserve fund, held at not less than one tenth of annual expenditure.
The approved budget, quarterly statements of expenditure and the audited accounts for each financial year are published on this site. Audited accounts are published within four months of the close of the year to which they relate.
The budget is met from member contributions. Enquiries about the budget may be sent to contact@treasury.gov.vin.