3. FINANCIAL PROVISION FOR THE INSPECTORATE
To maintain the independence of the Inspectorate from COPFS, following a transitional period, the budget was transferred to the Finance and Central Services Division of the Scottish Executive in April 2004. A budget for the first three years of the Inspectorate's life was determined. A Memorandum of Understanding was agreed among the Lord Advocate, the Chief Inspector and the Head of Finance and Central Services of the Scottish Executive (the Inspectorate's sponsor department). This dealt with the aims, functions and status of the Inspectorate and defined responsibilities.