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Governance & Audit & Standards Committee - Wednesday, 28th February, 2024 10.00 am

February 28, 2024 View on council website  Watch video of meeting Read transcript (Professional subscription required)

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“What treasury management training is planned for councillors?”

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Summary

The council meeting focused on routine governance and operational issues, including the approval of internal audit plans, treasury management policies, and procurement management information. The discussions also touched on upcoming procurement reforms and the need for transparency in contract management.

  1. Internal Audit Plan 2024-25: The committee approved the internal audit plan presented by the Chief Internal Auditor. The plan was developed based on risk assessments and discussions with directors, ensuring alignment with the council's risk exposure and priorities. The decision reinforces the council's commitment to robust governance and risk management.

  2. Treasury Management Policy 2023-24: The policy was reviewed and noted, with no changes from the previous year. It will proceed to the Cabinet and full council for final approval. The policy emphasizes security, liquidity, and yield in managing the council's temporary surplus cash flows. This decision ensures continued prudent financial management in line with statutory requirements.

  3. Procurement Management Information: The report highlighted improvements in contract management and compliance with transparency obligations. The committee noted the report, which also discussed the implications of upcoming procurement reforms. This decision is crucial for maintaining efficient and transparent procurement processes, especially with significant legislative changes on the horizon.

Interestingly, the meeting included a proposal for future training sessions for council members on treasury management, reflecting a proactive approach to governance and skill enhancement within the council.

Attendees

Profile image for CouncillorStuart Brown
Councillor Stuart Brown Liberal Democrat • Fratton
Profile image for CouncillorGraham Heaney
Councillor Graham Heaney Deputy Group Leader • Labour • St Jude
Profile image for CouncillorEmily Strudwick
Councillor Emily Strudwick Group Leader • Portsmouth Independents Party • Hilsea
Profile image for CouncillorBenedict Swann
Councillor Benedict Swann Conservative • Copnor

Topics

No topics have been identified for this meeting yet.

Meeting Documents

Agenda

Agenda frontsheet 28th-Feb-2024 10.00 Governance Audit Standards Committee

Reports Pack

Public reports pack 28th-Feb-2024 10.00 Governance Audit Standards Committee

Minutes

Printed minutes 28th-Feb-2024 10.00 Governance Audit Standards Committee

Additional Documents

Q3 performance report 2023-24 for GAS
A1-Q3 improving lives
GAS Report February 2024 Covering Report 1
PCC Data Breaches Report - 28 February 2024 Appendix
GAS Minutes 24.01.24
A3-Q3 corporate health
PCC Internal Audit Plan February 2024
PCC 2024-25 Audit Plan Final
Treasury Management Cover Report 24-25 FINAL
Treasury Management Strategy 24-25 FINAL
Procurement MI - GAS Committee - 28.02.24
A2-Q3 protecting environment