In October 2019 the Chartered Institute of Public Finance and Accountancy (CIPFA) published “The CIPFA Financial Management Code”.  This report provides an overview of the Code and the outcome of a self-assessment to demonstrate compliance.

The report of the Director of Finance and Transformation provided an overview of the Chartered Institute of Public Finance and Accountancy (CIPFA) Financial Management Code and the outcome of a self-assessment to demonstrate compliance.  The outcome of the self-assessment, as set out in Annex 1, saw a green rating assigned to all but two of the seventeen Financial Management Standards.  The two Standards assigned as amber rating were stakeholder engagement and business cases.

In respect of Financial Management Standard A, Members were advised that the leadership team was able to demonstrate that the services provided by the authority were value for money, with a clear governance structure and scrutiny arrangements in place where collective responsibility for value for money was made explicit.

RESOLVED:   That the outcome of the self-assessment to demonstrate compliance with the CIPFA Financial Management Code be noted.