Issue - meetings
Financial Management Code
Meeting: 22/06/2022 - Audit and Governance Committee (Item 14)
14 Financial Management Code 
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Report of the Executive Director of Corporate Resources and Customer Services
Additional documents:
Minutes:
The Committee considered the report of the Executive Director of Corporate Resources and Customer Services which reported that the Chartered Institute of Public Finance and Accountancy (CIPFA) had issued a Financial Management (FM) Code which aimed to ensure a high standard of financial management in local authorities.
The report indicated that an assessment of the Council’s current compliance with the code together with an action plan for improvement had been reported to Audit and Governance in March 2021.
The Service Manager – Finance presented the report and indicated that many areas of good practice in financial management were highlighted within the compliance assessment and the purpose of the report was to provide an update on progress in implementing the action plan for further improvements and also to identify additional actions to further improve compliance.
RESOLVED: That
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(1) |
the progress in implementing the actions which have been carried out to further improve both compliance with the Code and financial management across the authority be noted; and
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(2) |
the additional actions identified to further improve compliance be noted.
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