Agenda item

Light Touch Review of Financial Regulations – report to be presented to the next meeting of the Finance Committee,

The Chairman advised that he had asked the Chamberlain and City Surveyor to look closely at the levels of delegated authority.  Members noted that, whilst a radical review could take several months to complete, where there are already effective controls in place, operational efficiency could be improved in the shorter term.   The Financial Services Director advised that the Charities Review was also seeking to provide trustees with more flexibility.