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The Council’s Financial Regulations are
incorporated within Part 4 of its Constitution. Under the 1972 Act,
the Section 151 Officer has the responsibility to make arrangements
for the proper administration of the council’s financial
affairs, and Financial Regulations form one element of these
arrangements.

In addition to updating the Financial Regulations to reflect
practical changes in the processing of invoices by electronic means
and a reduced reliance on cash, the Chief Finance Officer has also
clarified and strengthened the overarching principles to reflect
the fact the context of Financial Regulations within the
Council’s overall governance framework in order to improve
the financial control environment, has incorporated a requirement
to consider the implications of subsidy control legislation when
providing grants or other financial assistance, and has amended job
titles referred to within the document to reflect recent
restructures.

The Chief Finance Officer has determined that these new Financial
Regulations will come into force from 23rd May 2024.