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Governance and Audit Committee - Wednesday, 6 March 2024 9.30 am
March 6, 2024 Governance and Audit Committee View on council website Watch video of meeting Read transcript (Professional subscription required)Summary
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The Demosia County Council's Government's Inaudity Committee discussed various matters including budget processes, internal audit updates, and partnership arrangements. The meeting also addressed the progress of the audit statement of accounts and the use of performance information.
Budget Process Update: The council reviewed the budget process, noting a funding gap and the strategies to address it, including a voluntary exit scheme and service adjustments. Concerns were raised about the optimistic financial projections from the previous year and the sudden increase in the funding gap. The implications include potential service impacts and the need for stringent financial monitoring.
Internal Audit Update: The committee received an update on internal audit activities, highlighting completed reviews and ongoing special investigations. Discussions focused on the adequacy of internal controls and the efficiency of the audit process. The implications are significant for maintaining governance standards and ensuring financial and operational accountability within the council.
Partnership Arrangements: A discussion on mapping the council's partnership arrangements was initiated, aiming to improve oversight and governance of collaborative efforts. The need for a comprehensive understanding of all partnerships and their governance structures was emphasized to ensure effective management and accountability.
An interesting point in the meeting was the acknowledgment of the need for a more dynamic approach to managing partnership arrangements, reflecting the evolving nature of collaborative governance and the challenges in keeping track of all active partnerships.
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