Purpose

A draft Stock Management Policy has been developed for consideration and approval by Cabinet

Decision

That Cabinet:

Approve the Stock Management Policy

Reasons for the decision

It is essential that the Council has a Stock Control Policy to ensure that Council assets are protected thereby reducing the risk of theft.

It is also important that the Council is aware of its stock levels in the event of an insured peril where it would need to be evidenced as part of any claim

Other options considered

The alternative option was not to be approve a Stock Management Policy, but this has been discounted as there is a clear recommendation from Internal Audit supported by Section 151 officer to put in place a formal Stock Management Policy in place.