Content

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out of date with respect to current practices, policies and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.