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The Accountable Body for the Partnership remains Stockton on
Tees Borough Council who with the Partnership are responsible for
the receipt and use of grant and for the establishment of good
quality project appraisal and financial management systems.
The
Council, in undertaking this role has appointed their Director
of Finance to have responsibility for the Accountable Body role
of safeguarding public money, including maintaining a clear line
of responsibility and accountability for the receipt and payment
of public funds.
It has well established financial systems in place,
which have been used successfully for SRB and other public sector
programmes. These have been subject to audit and health checks.
A written Memorandum of Agreement is in place, which sets out
the relative roles and responsibilities of the Accountable Body
and the Tees Valley Partnership (see Annex 3).
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