Decision details

Changes to Financial Regulations

Decision Maker: Constitution and Standards Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

The Committee considered this report that sought to provide assurance regarding the adequacy of the current Financial Regulations following a review by the Chief Finance Officer and Chief Internal Auditor, and approval for very minor amendments.

 

Members noted that best practice and current Council policy required that an annual review was completed to ensure that the Financial Regulations were up to date. It was noted that the review conducted last January by senior finance staff had shown those regulations remained fit for purpose as part of the Constitution. The amended Financial Regulations were attached to he report.

 

There was a brief discussion of the report and the Monitoring Officer explained that small technical amendments had been made to the Constitution to update details, such as job titles and those of Committees. It was noted that throughout the document, the term Chief Financial Officer would now be used as this had a specific meaning that referred to the statutory role, regardless of the actual designation of the postholder. In response to a question it was confirmed that there had not been any changes to those who were entitled to make financial decisions, or to the financial thresholds that applied.

 

The out going Interim Director of Finance responded to a question about the recruitment of a successor and the merits of the Council proceeding with another interim appointment. It was explained that the Council’s financial situation had improved, its financial arrangements remained robust and the new Interim Director of Finance had held a similar role at a Shire Council and her appointment for 12 months would allow enough time for a new Chief Finance officer to be recruited. 

 

The Committee noted the report and the amended Financial Regulations were unanimously approved.

 

 

 

 

 

 

 

 

Publication date: 09/05/2019

Date of decision: 08/02/2019

Decided at meeting: 08/02/2019 - Constitution and Standards Committee

Accompanying Documents: