Issue - meetings

The committee received a report from the Head of Finance which had reviewed the council’s current financial regulations and financial procedure rules which form Part 4F of the council’s constitution. It made recommendations for minor changes in Part 4F and in other parts of the constitution which had a financial aspect.

The Head of Finance assured the Committee the alignment of financial regulations and procedures with South Cambridgeshire District Council would not have a negative impact on the processes undertaken by the City Council. 

Resolved (unanimously):

     i.        To approve changes to the financial regulations and financial procedure rules as set out in 4.4 and Appendix 1 of the council’s constitution.

    ii.        To support a project to investigate aligning financial regulations and procedures with South Cambridgeshire District Council; and

   iii.        Amend the Scheme of delegation to council officers in relation to capital approvals, to align it with proposed procurement limits.