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RESOLVED that Cabinet
–
 

a)    
approves the External Funding High Level Framework,
as set out in Appendix 1 to the Partnerships Portfolio
Holder’s report (A.7), which provides a process for the
acceptance of external funding provision, a process for the
provision of financial assistance to external bodies and other
allocation of funding, with immediate effect;

 

b)    
agrees that an External Funding Policy be developed
for approval by the Leader of the Council, in his capacity as the
Portfolio Holder for Corporate Finance and Governance, to
complement the External Funding High Level Framework, and that it
be presented to a future meeting of the Audit Committee for their
support and assurance on the governance processes; and

 

c)     
requests that external and internal communication on
the Council’s new arrangements for External Funding be
undertaken ensuring the Council complies with its obligations under
its Best Value Duty and statutory guidance.