Decision details
Constitution Update - Virement Rules
Decision Maker: Council
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Council is asked to approve new Virement Rules
which will strengthen financial management through increasing
accountability for budget managers.
Decisions:
Council received the report of the Head of Finance, detailing the Budget and Policy Procedure Rules, including the agreed Scheme of Virement which existed to enable the Mayor, Executive/ Cabinet, Chief Officers, and their staff to manage budgets with a degree of flexibility within the overall policy framework determined by Council. The scheme of virement had been updated to provide a simplified approach which would enable budgets to be realigned to meet the requirements of budget managers, which would strengthen financial control and accountability at officer level.
RESOLVED-
that the updated Budget and Policy Procedure rules at appendix 1 to the report be approved.
Report author: Hannah Doney
Publication date: 27/07/2023
Date of decision: 18/07/2023
Decided at meeting: 18/07/2023 - Council
Accompanying Documents:
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