Issue - meetings

Review of Compliance with CIPFA Financial Management Code

 

 

Meeting: 26/05/2021 - Governance Committee (Item 23)

23 Review of Compliance with CIPFA Financial Management Code pdf icon PDF 203 KB

To receive and consider the report of the Director of Finance.

Additional documents:

Minutes:

Louise Mattinson, Director of Finance presented the CIPFA Management Code. Self-Assessment to be implemented for 2021-22 to ensure compliance as 2020-21 was a shadow year of operation.

 

The Code was a response to the financial circumstances that some Councils have found themselves in, with concerns relating to financial management and overall weakness, Northamptonshire was given as an example.

 

The Code is to support good practice and assist with financial sustainability. Areas covered include leadership, staffing and resource capacity, knowledge, and abilities to ensure sound financial management, and continued improvements over the year.

 

Decision: The update was noted.