Agenda item

Report of the Chamberlain.

The Committee considered a Report of the Chamberlain concerning the City’s Financial Regulations.

RESOLVED – that the Committee:

1. Agreed the revised Financial Regulations set out in Appendix A;

2. Agreed a delegation to the Chamberlain to amend the regulations in respect of any changes in the title or responsibilities of any chief officer named in the regulations arising from the Target Operating Model.

3. Noted that a delegation to the Chamberlain to amend the regulations to reflect any changes of committee responsibilities arising from the establishment of the Bridge House Estates Board and the consequent revisions to other committees’ terms of reference was approved by the Court of Common Council; and

4. Note that in future the regulations will be regularly reviewed, and proposed changes presented to Finance Committee on an annual basis.