Issue - meetings

Financial Management Code

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Meeting: 17/03/2021 - Audit and Governance Committee (Item 31)

Report of the Executive Director of Corporate Resources and Customer Services

Additional documents:

Enc. 1 for Financial Management Code, item 31 PDF 145 KB

Minutes:

The Committee considered the report of the Executive Director of Corporate Resources and Customer Services which provided an assessment of the Council’s current compliance with the Chartered Institute of Public Finance and Accountancy (CIPFA) Financial Management (FM) Code and identifying areas for improvement.

The Strategic Finance Manager presented the report, indicating that the Financial Management Code aimed at ensuring a high standard of financial management in local authorities.

RESOLVED: That

(1)	the introduction of the CIPFA FM Code and the self-assessment of compliance with the Code detailed in the Appendix to the report be noted; and

(2)	The action plan including recommended actions which have been identified and will be carried out to further improve both compliance with the Code and financial management across the authority be noted.