Issue - meetings

Report of Assistant Director of Finance (Section 151 Officer)

Purpose of report

To update the Committee that the results of the Council’s forecast self-assessment position at February 2025 against the requirements of CIPFA’s Financial Management Code show continued strong compliance, demonstrating a resilient and sustainable approach to managing the Council’s funds.

Recommendations

The Accounts, Audit and Risk Committee resolves:

1.1           To note the Council’s forecast self-assessment position of strong compliance at February 2025 against the requirements of CIPFA’s Financial Management Code.

Resolved

(1)            That the Council’s forecast self-assessment position of strong compliance at February 2025 against the requirements of CIPFA’s Financial Management Code be noted.

The Assistant Director of Finance (Section 151 Officer) submitted a report which updated the Committee on the results of the Council’s forecast self-assessment position at February 2025 against the requirements of CIPFA’s Financial Management Code.

In introducing the report, the Head of Finance advised the Committee that the Financial Management Code was the minimum that Local Authorities had to do to comply with Section 151 of the Local Government Act to meet its financial responsibilities and that this was the responsibility of the Section 151 officer, Corporate Leadership team and the Executive.

The Committee was advised that the Council’s self-assessment was green in all areas of the Financial Management Code which demonstrated a resilient and sustainable approach to managing the Council’s finances.  

Resolved

(1)            That the Council’s forecast self-assessment position of strong compliance at February 2025 against the requirements of CIPFA’s Financial Management Code be noted.