Issue - meetings

Following the Local Government Association (LGA) Finance Peer Review, this report presents a review of the Council’s financial decision-making procedures and recommends changes to the Financial Regulations for the Committee’s consideration. The report also provides an update on the LGA Peer Review Action Plan.

Following consideration, the Committee resolved unanimously to:

(1)          Consider the proposed changes to Financial Policy Panel’s and other Committee responsibilities, as set-out in sections 3 & 4 of the report;

(2)          Consider the proposed changes to Financial Regulations at Appendix 3 to the report;

(3)          Recommend that Full Council approve the proposed changes to the Financial Policy Panel’s responsibilities and to the Financial Regulations, with effect from 1 April 2022.

(4)          Approve the proposed finance training for members, as set-out in section 6 of the report.

Following the Local Government Association (LGA) Finance Peer Review, The Committee received a report presenting a review of the Council’s financial decision-making procedures, and recommending changes to the Financial Regulations, following the Local Government Association (LGA) Finance Peer Review. The report also provided an update on the LGA Peer Review Action Plan.

The Committee received an introduction from the Head of Finance.

Following consideration, the Committee resolved unanimously to:

(1)          Consider the proposed changes to Financial Policy Panel’s and other Committee responsibilities, as set-out in sections 3 & 4 of the report;

(2)          Consider the proposed changes to Financial Regulations at Appendix 3 to the report;

(3)          Recommend that Full Council approve the proposed changes to the Financial Policy Panel’s responsibilities and to the Financial Regulations, with effect from 1 April 2022.

(4)          Approve the proposed finance training for members, as set-out in section 6 of the report.