Decision details

The Council’s Financial Regulations are incorporated within Part 4 of its Constitution. Under the 1972 Act, the Section 151 Officer has the responsibility to make arrangements for the proper administration of the council’s financial affairs, and Financial Regulations form one element of these arrangements.

In addition to updating the Financial Regulations to reflect practical changes in the processing of invoices by electronic means and a reduced reliance on cash, the Chief Finance Officer has also clarified and strengthened the overarching principles to reflect the fact the context of Financial Regulations within the Council’s overall governance framework in order to improve the financial control environment, has incorporated a requirement to consider the implications of subsidy control legislation when providing grants or other financial assistance, and has amended job titles referred to within the document to reflect recent restructures.

The Chief Finance Officer has determined that these new Financial Regulations will come into force from 23rd May 2024.