Decision Maker:

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: May 6, 2025

Purpose:

Content: 8.1 The Director of Finance and Commercial Services introduced the report which presented to the Committee the proposed changes to the Council’s Constitution: Part 4 – Financial Procedure Rules (Financial Regulations) arising from an annual refresh of the Regulations following consultation with Procurement and Finance colleagues.     8.2 RESOLVED UNANIMOUSLY: That the Finance and Performance Policy Committee:-   a.    endorses the proposed changes to the Constitution: Part 4 – Financial Procedure Rules (Financial Regulations), as outlined in the report and Appendix 1 and shown in full at Appendix 2; and b.    notes that the revised Financial Procedure Rules (Financial Regulations), together with any other proposed changes to the Constitution, will be presented to Full Council for approval at the Annual Meeting on 19th May 2025.     8.3 Reasons for Decision     8.3.1 The reasons for the recommended changes were set out in the Summary of Changes document at Appendix 1.     8.4 Alternatives Considered and Rejected     8.4.1 Do nothing – this option was rejected because it would result in the Financial Procedure Rules (Financial Regulations), and therefore the Constitution being out of date with respect to current practices, policies and procedures.