Issue - meetings

Resolved to recommend:

1.     the approval of the revised Financial Regulations as detailed in paragraphs 4 to 15 of the Cabinet report.

Resolved to recommend:

1. the approval of the revised Financial Regulations as detailed in paragraphs 4 to 15 of the Cabinet report.

Reason for Decision

To seek Cabinet approval of the recommended changes to the Financial Regulations 2017.

Corporate Objectives

The efficacy of the Financial Regulations supports all of the Council’s objectives.

Monitoring Officer/S.151 Officer Comments

Deputy S151 Officer

This is a S151 Officer report.

Monitoring Officer

No comments to add to the report.

Advice

Councillor Elliot introduced the report and said that the purpose was to update Financial Regulations for approval levels for invoice reductions and disposal of assets to ensure authorisation levels are consistent with Procurement Standing orders and other sections of the Financial Regulations and to update the Regulations to take account of Electronic Purchasing Cards (EPCs) as the Council moves away from credit cards. Theses updates have been proposed after taking account of feedback from Audit Committee who requested some minor amendments to some of the wording.

Voting

None.