Report of Deputy Chief Executive and Executive Director (Finance and Resources) attached

The Committee received a report of the Executive Director (Finance and Resources) that detailed progress against the action plan arising from the Council’s self-assessment against the expectations of the new Financial Management Code introduced by the Chartered Institute of Public Finance and Accountancy (CIPFA).

The Senior Finance Lead confirmed that the action plan would help to inform the assessment undertaken by the Council’s external auditors on its arrangements to secure value for money and responded to a number of questions raised by members of the Committee.

Resolved:

(1)        That progress against the Financial Management Code action plan that previously reported to the Committee on 28 April 2021, be noted.

(2)        That it be noted that the next annual self-assessment of the Council’s compliance status against the Financial Management Code will be undertaken and reported to the Committee in April 2022.

Report of the Executive Director (Finance and Resources) attached