Issue - meetings

Updated Financial Procedures

Meeting: 23/03/2021 - Governance Committee (Item 88)

88 Proposed Updated Financial Procedure Rules pdf icon PDF 126 KB

Report of the Deputy Director of Finance / Section 151 officer to follow.

Additional documents:

Minutes:

The Deputy Director of Finance and Section 151 officer presented a report which reviews and updates the financial regulations and Financial Procedure Rules as detailed in the Council’s Constitution.

 

Arising from questions by members, the following responses were given:

 

·       Reference was made to paragraph 6.10, page 15 which stated “All trust funds shall wherever possible be in the name of the Council.” The Deputy Director of Finance and Section 151 officer indicated he would provide the list of trust funds to members.

·       Regarding the timescale for training of officers on the new Financial Procedure Rules, members were informed that the report would need to be approved at Full Council, however the intention was for online training to be rolled out in May 2021.

 

RESOLVED (unanimously):–

 

1.     That the proposed changes to Financial Procedure Rules be noted;

2.     that the Committee recommends adoption of the proposed changes to Council.