Issue - meetings

Report of Assistant Director of Finance & Section 151 Officer

Purpose of report

The council’s Service Level Agreement with Oxfordshire County Council to provide internal audit and counter fraud Services came to an end on 30 April 2024.  The council has entered into a temporary contract with Veritau Limited from 1 May 2024 to provide internal audit and counter fraud services for a period of 6 months.  This report proposes an approach for the long-term provision of internal audit and counter fraud services by entering into a teckal company arrangement with Veritau Public Sector Limited.

Recommendations

The Executive resolves:

1.1         To agree for the council to pay a £20k fee to join Veritau Public Sector Limited and become a member in the company and delegate authority to the Assistant Director of Finance (S151 Officer) to sign the members’ agreement and service contract with Veritau Public Sector Limited and any subsequent paperwork required to become a member.

1.2         To appoint the Assistant Director of Finance (S151 Officer) to the board of Veritau Public Sector Limited as a director of the company.