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| Both sides previous revision Previous revision Next revision | Previous revision | ||
| financecommitteetor [2011/11/22 08:16] – external edit 127.0.0.1 | financecommitteetor [2025/05/12 16:08] (current) – external edit 127.0.0.1 | ||
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| ==== Finance Committee - Terms of Reference ==== | ==== Finance Committee - Terms of Reference ==== | ||
| - | - To oversee the annual budget process and to liaise and advise other Committees with the setting of their budgets. | + | - To oversee the annual budget process and to liaise and advise other Committees with the setting of their budgets |
| - To recommend to full council the annual Precept | - To recommend to full council the annual Precept | ||
| - To be responsible for regular monitoring of the Council’s Budget and reserves position | - To be responsible for regular monitoring of the Council’s Budget and reserves position | ||
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| - To ensure that financial procedures are being carried out in accordance with Financial Standing Orders and Financial Regulations | - To ensure that financial procedures are being carried out in accordance with Financial Standing Orders and Financial Regulations | ||
| - From time to time to make proposals to the Council for any appropriate amendments to the Financial Standing Orders | - From time to time to make proposals to the Council for any appropriate amendments to the Financial Standing Orders | ||
| - | - To ensure items of expenditure that are over £X (or the appropriate limit as amended from time to time in Financial Regulations), | + | - To ensure items of expenditure that are over £1, |
| - To also review a selection of expenditure items below the current limits (items selected as determined by Committee) to confirm good practice is being operated throughout the Council purchasing process. | - To also review a selection of expenditure items below the current limits (items selected as determined by Committee) to confirm good practice is being operated throughout the Council purchasing process. | ||
| - To implement and review a 3 year rolling budget/ | - To implement and review a 3 year rolling budget/ | ||