At its meeting on 3 April 2019 the Executive Committee considered revised Financial Procedure Rules and RECOMMENDED TO COUNCIL that they be ADOPTED.

88.7           At its meeting on 6 March 2019 the Executive Committee considered suggested amendments to the Council’s Financial Procedure Rules and recommended to Council that the revised Rules be adopted.

88.8           The report which was considered by the Executive Committee had been circulated with the Agenda for the current meeting at Pages No. 38-74.

88.9           The Vice-Chair of the Executive Committee proposed the recommendation, which was duly seconded, and it was  

                  RESOLVED          That the revised Financial Procedure Rules be ADOPTED.

To consider revised Financial Procedure Rules and make a recommendation to Council. 

That it be RECOMMENDED TO COUNCIL that the revised Financial Procedure Rules be ADOPTED.

97.1           The report of the Head of Finance and Asset Management, circulated at Pages No. 129-164, set out the proposed revised Financial Procedure Rules, for inclusion in the Council’s Constitution, which Members were asked to adopt.

97.2           The Head of Finance and Asset Management explained that the Financial Procedure Rules had last been reviewed in 2012 and, in light of the length of time that had passed and the recent approval of the updated Constitution, it was felt the right time to update the Rules. Only limited changes had been made to the detailed requirements which included: increased delegated limits for virement and write-off in line with limits set within the Constitution; updated requirements reflecting recent legislative changes such as the introduction of off payroll working and the need to produce capital and investment strategies; changes to reflect the latest business practices such as the use of pool cars; changes to reflect the increasing use of technology within the Council’s processes; and changes to reflect the structure of services and ownership of specific issues such as risk management.

97.3           Accordingly, it was