Decision details

The Council’s Financial Regulations are subject to periodic review to ensure the continuance of robust and effective financial controls; the current review has identified a number of minor and one major amendment. The Financial Regulations are subject to review by Corporate Governance Committee before approval by Council.

The Committee

AGREED       

A)   To amend the final sentence of paragraph 6.4 of the proposed Financial Regulations to “…and the Chief Financial Officer be authorised to delete authorised signatories from the list with immediate effect. Members will be informed through the Weekly Bulletin of any amendments.”

B)   To delegate authority to the Legal and Democratic Services Officer to make a number of minor grammatical corrections to the proposed Financial Regulations.

RECOMMENDED TO COUNCIL     The revised Financial Regulations for approval.