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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)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.
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.
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.
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.
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