Decision details

Changes to the Constitution: Part 4 – Financial Procedure Rules (Financial Regulations)

Decision status: Recommendations Approved

Decision:

11.1

This report is to present the proposed changes to the Council’s Constitution: Part 4 – Financial Procedure Rules (Financial Regulations) arising from an annual refresh of the Regulations following consultation with Finance colleagues.

 

 

11.2

RESOLVED UNANIMOUSLY: That the Finance Committee:-

 

1.     endorses the proposed changes to the Constitution: Part 4 – Financial Procedure Rules (Financial Regulations), as outlined in the report and Appendix 1 and shown in full at Appendix 2; and

 

2.     notes that the revised Financial Procedure Rules (Financial Regulations), together with other proposed changes to the Constitution, will be presented to Full Council for approval at the Annual Meeting on 15th May 2024.

 

 

11.3

Reasons for Decision

 

 

11.3.1

The reasons for the recommended changes are set out in the Summary of Changes document at Appendix 1.

 

 

11.4

Alternatives Considered and Rejected

 

 

11.4.1

Do nothing – this option was rejected because it would result in the Financial Procedure Rules (Financial Regulations), and therefore the Constitution being out of date with respect to current practices, policies and procedures.

 

Publication date: 21/03/2024

Date of decision: 18/03/2024

Decided at meeting: 18/03/2024 - Finance Committee

Accompanying Documents: