Issue - meetings

To receive the report of the Director of Finance, Resources & Customer Services detailing the outcome of a review of the Council’s Financial Procedure Rules and amendments proposed as a result.  (Report No,230A)

Members are asked to note that amended Financial Procedure Rules were considered and approved by Audit Committee on 4 April 2012 for recommendation onto Council.

RECEIVED a report from the Director of Finance, Resources & Customer Services (No.230A) detailing the outcome of a review of the Council’s Financial Procedure Rules and amendments recommended as a result.

NOTED that the amended Financial Procedure Rules had been considered and approved by Audit Committee on 4 April 2012, for recommendation onto Council.

AGREED that the redrafted Financial Regulations be approved and incorporated into the Council’s Constitution, as set out in Appendix 2 of the report, subject to the inclusion of an additional regulation 10 (d) (as detailed in section 3.6 of the report) to ensure that adequate budget provision had been made before proceeding to invitation tender stage for the contractual provision of goods and services.