Issue - meetings

This report recommends changes to the Financial Procedure Rules set out in Part 4 of the Constitution.

The report of the Head of Finance recommended a number of changes to the Financial Procedure Rules (FPR) as set out in Part 4 (Rules) of the Constitution. 

A tracked change version of the FPRs was attached at Annex 1 and the changes related to banking arrangements, corporate credit cards, financial planning and control, virements, underspending and overspending, supplementary estimates, income, fees and charges, writing off debts, insurance and risk management, inventories, orders for goods and services, payment of invoices, financial management of contracts and Medium Term Financial Strategy and Savings and Transformation Strategy.  A precis of the changes proposed was set out in Section 5 of the report.

In recognition that the Finance, Regeneration and Property Scrutiny Select Committee should have the opportunity to review the proposed changes in detail, Cllr Boughton proposed, Cllr Betts seconded and it was

RESOLVED:  That

(1)            the changes to the Financial Procedure Rules, as summarised in section 5 of the report and shown in Annex 1, be referred to the Finance, Regeneration and Property Scrutiny Select Committee for detailed review; and

(2)            the recommendations of the Finance, Regeneration and Property Scrutiny Select Committee be presented to a future meeting of Council

[Prior to the vote, it was clarified that funding of the establishment changes agreed at General Purposes Committee on 11 March 2026 would not be adversely affected by delaying the request to agree a virement for funds exceeding £100,000 arising from the referral of the matter to the Finance, Regeneration and Property Scrutiny Select Committee.]