Financial Regulations - March 2018
The Financial Regulations set out the corporate rules for the financial management of the Council. The Council has these regulations as it is both good management practice and the Council is required, by statute, to make proper arrangements for its financial management.
The Financial Regulations are intended to enable staff to carry out their jobs in an efficient manner and free from the risk of being accused of impropriety.
Where there is any doubt about what the correct procedure is or if the Regulations are themselves constraining the achievement of legitimate Council goals, the matter should be raised with the Executive Director Finance and Resources or appropriate Finance and Procurement (FAP) staff. Any variations from the requirements of these Financial Regulations need to be agreed in advance and in writing with the Executive Director Finance and Resources.