Financial Management Code
Following on from a report to the Committee in June 2021 where areas were identified for improvement, Keith Pointon – Head of Finance – gave a verbal update to confirm that the areas in question had yet to be addressed. The areas included:-
· Financial Procedure Rules – update needed;
· More use of analysis tools regarding financial resilience;
· Consultation regarding budget planning;
· Further use of balance sheet review on larger projects.
There would be a full report on progress in due course.