Archived decisions

Contact: Bevis Ingram, (01962) 84 7508; [email protected]

1.1 The County Council's Financial Regulations are included in Part 3:E of the constitution. The County Treasurer is responsible for maintaining a continuous review of the regulations (paragraph 1.7, Financial Regulations).

1.2 In May, County Council approved new streamlined decision processes and associated financial limits. These limits affect Financial Regulations and Contract Standing Orders. The limits have been applied to Financial Regulations. At the same time, the opportunity has been taken to review Financial Regulations as a whole and update or clarify specific areas, although no material changes have been made. The revised Financial Regulations will now link directly to the new decision processes. A full review of Contract Standing Orders will come to the Committee in a future cycle.

1.3 The revised Financial Regulations are attached to this note. Only the parts of Financial Regulations that have been amended have been submitted - these are part A - Financial Management, part B - Financial Planning, and Part D Financial Systems and procedure. Parts C (Risk Management and control of resources) and E (External arrangements) have not been changed and have not been submitted. The amendments made to the regulations are clearly highlighted in the document; additions are shown in italics and deletions are highlighted. The revised Financial Regulations are now submitted to the Committee for confirmation and approval of the changes made.

Recommendation

1 That it be a recommedation to Cabinet and Council that the revised Financial Regulations be confirmed and approved.

Section 100 D - :Local Government Act 1972 - background documents

The following documents discuss facts or matters on which this report, or an important part of it, is based and have been relied upon to a material extent in the preparation of this report.

NB: the list excludes:

1. Published works

2. Documents which disclose exempt or confidential information as defined in the Act.

None