Financial memorandum may be describe as a kind of formal documentation of revenue, cost and expenditure of government administration giving out the basis of which it will receive its allocation.

Financial memorandum is a constitutional provision of how revenues are generated and how expenditures are carried out in line with the provisions

Financial memorandum is a formal documentation which shows the revenue and their sources, and expenditure covered by the revenue. it is used mostly in government administration at the local level

The financial memorandum was the agreement between HEFCE and the institutions it funds that sets out the terms and conditions for payment of HEFCE grants. It was superseded in August 2014 by the Memorandum of Assurance and Accountability.

A written document containing a proposal, decision, policy etc to the institution it regard to.

An accompanying document to a public bill setting out best estimates of the bill’s costs on the Scottish Administration, local authorities and others.