Issue - meetings
Financial Regulations and Scheme of Virements and Transfers
Meeting: 12/07/2021 - Council (Item 20)
20 Financial Regulations and Scheme of Virements and Transfers PDF 171 KB
To receive a report from the Director of Finance seeking approval, following review, to updated Financial Regulations and the Scheme of Virements and Transfers.
Additional documents:
- 17a. Appendix 1 - Proposed Financial Regulations, item 20 PDF 634 KB
- 17b. Appendix 2 - Proposed Scheme of Virements and Transfers, item 20 PDF 327 KB
- Webcast for Financial Regulations and Scheme of Virements and Transfers
Decision:
Council RESOLVED:
(1) To agree the proposed Financial Regulations as set out within Appendix A of the report to replace the current Financial Regulations in the constitution.
(2) To agree the proposed Scheme of Virements and Transfers as set out within Appendix B of the report to replace the current Scheme of Virements and Transfers in the constitution.
Minutes:
The Mayor then invited Councillor McLennan, Deputy Leader and Lead Member for Resources, to introduce the report from the Director of Finance which members were advised detailed a number of proposed changes to the current Financial Regulations and Scheme of Virements and Transfers following the release of a new Financial Management Code and an updated Code of Audit Practice.
As no other members indicated they wished to speak on the item and Councillor McLennan had confirmed she did not need to exercise her right of reply, the Mayor then put the recommendations in the report to the vote and they were unanimously declared CARRIED.
It was therefore RESOLVED:
(1) To agree the proposed Financial Regulations as set out within Appendix A of the report to replace the current Financial Regulations in the constitution.
(2) To agree the proposed Scheme of Virements and Transfers as set out within Appendix B of the report to replace the current Scheme of Virements and Transfers in the constitution.