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Issue - meetings

UPDATED FINANCIAL REGULATIONS

 

 

Meeting: 29/01/2026 - Council (Item 73)

73 UPDATED FINANCIAL REGULATIONS pdf icon PDF 126 KB

REPORT OF THE DIRECTOR – RESOURCES

 

The last full review of the Council’s financial regulations took place in 2018. There have been partial changes made that have resulted from organisational changes. They have also been kept under review for the need for any significant changes over that period, but none have been required.

Additional documents:

Decision:

RESOLVED: That Council agreed to the adoption of the Financial Regulations as per Appendix A.

 

REASON FOR DECISION: Due to the passage of time since the last major review of the Financial Regulations, it was considered appropriate to carry out a full review. The proposed changes are detailed in Appendix A alongside the reasons for them.

Minutes:

Audio recording – 10 minutes 45 seconds

 

The Director – Resources presented the referral from Finance, Audit and Risk Committee and the report entitled ‘Updated Financial Regulations’ and advised that:

 

·       This was a slightly overdue report on the updated financial regulations of the Council.

·       The proposed schedule of changes and the reasons for the changes was set out in Appendix A. The schedule had track changes to show where the changes had been made. 

·       There had been some good discussions at the Finance, Audit and Risk Committee meeting around the changes.

·       One of the recommendations that had been made by the Finance, Audit and Risk Committee had not been adopted and the reason why this had not been possible to reflect was detailed in paragraph 5.4 of the report.

 

Councillor Ian Albert proposed and Councillor Val Bryant seconded and, following a vote, it was:

 

RESOLVED: That Council agreed to the adoption of the Financial Regulations as per Appendix A.

 

REASON FOR DECISION: Due to the passage of time since the last major review of the Financial Regulations, it was considered appropriate to carry out a full review. The proposed changes are detailed in Appendix A alongside the reasons for them.