Financial Regulations
Perth and Kinross Council · 30 October 2024
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PERTH & KINROSS COUNCIL 30 October 2024 FINANCIAL REGULATIONS Report by Strategic Lead – Finance and Business Support (Report No. 24/303) 1. PURPOSE 1.1 This report seeks approval to update the Council’s Financial Regulations to reflect the revised organisational structure. 2. RECOMMENDATIONS 2.1 The Council is asked: (i) note the contents of the report. (ii) approve the updated Financial Regulations set out in Appendix 1. 3. STRUCTURE Section 4 Background/Main Issues Section 5 Conclusion 4. BACKGROUND / MAIN ISSUES 4.1 The Council approved the last update of the Financial Regulations on 10 May 2023 (Report No. 23/134 refers). 4.2 The Financial Regulations are kept under review with amendments being presented to Council as and when required. 4.3 With the implementation of the Council’s new leadership structure, it is appropriate that this document is reviewed and updated to reflect these structural changes. 4.4 The updated Financial Regulations are included within Appendix 1. 4.5 There are no fundamental changes to the Financial Regulations, this update simply reflects the changes to the Council’s structure and revised reporting lines. ACTION - the Council is asked to approve the updated Financial Regulations as set out at Appendix 1.
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5. CONCLUSION 5.1 This report seeks approval to update the Council’s Financial Regulations which are set out in Appendix 1. APPROVED Name Designation Date Scott Walker Chief Finance Officer 23 October 2024
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ANNEX 1. IMPLICATIONS, ASSESSMENTS, CONSULTATION AND COMMUNICATION Strategic Implications Yes / None Community Plan / Single Outcome Agreement None Corporate Plan Yes Resource Implications Financial Yes Workforce Yes Asset Management (land, property, IST) Yes Assessments Equality Impact Assessment Yes Strategic Environmental Assessment Yes Sustainability (community, economic, environmental) Yes Legal and Governance None Risk None Consultation Internal Yes External None Communication Communications Plan None 1. Strategic Implications Corporate Plan 1.1 The Council’s Corporate Plan 2022 – 2027 lays out seven outcome focussed strategic objectives which provide clear strategic direction, inform decisions at a corporate and service level and shape resources allocation. They are as follows: • Tackling poverty • Tackling climate change and supporting sustainable places • Growing a sustainable and inclusive local economy • Enabling our children and young people to achieve their full potential • Protecting and caring for our most vulnerable people • Supporting and promoting physical and mental wellbeing • Placing communities at the heart of how we work 1.2 This report relates to all these objectives. 2. Resource Implications Financial 2.1 There are no direct financial implications arising from this report other than those reported within the body of the main report.
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Workforce 2.2 There are no direct workforce implications arising from this report other than those reported within the body of the main report. Asset Management (land, property, IT) 2.3 There are no direct asset management implications arising from this report other than those reported within the body of the main report. 3. Assessments Equality Impact Assessment 3.1 Under the Equality Act 2010, the Council is required to eliminate discrimination, advance equality of opportunity, and foster good relations between equality groups. Carrying out Equality Impact Assessments for plans and policies allows the Council to demonstrate that it is meeting these duties. 3.2 The information contained within this report has been considered under the Corporate Equalities Impact Assessment process (EqIA) and has been assessed as not relevant for the purposes of EqIA. Strategic Environmental Assessment 3.3 The Environmental Assessment (Scotland) Act 2005 places a duty on the Council to identify and assess the environmental consequences of its proposals. 3.4 The information contained within this report has been considered under the Act. However, no action is required as the Act does not apply to the matters presented in this report. Sustainability 3.5 Under the provisions of the Local Government in Scotland Act 2003 the Council must discharge its duties in a way which contributes to the achievement of sustainable development. In terms of the Climate Change Act, the Council has a general duty to demonstrate its commitment to sustainability and the community, environmental and economic impacts of its actions. 3.6 The information contained within this report has been considered under the Act. However, no action is required as the Act does not apply to the matters presented in this report.
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4. Consultation Internal 4.1 The Strategic Leadership Team have been consulted in the preparation of this report. 2. BACKGROUND PAPERS 2.1 No background papers, as defined by Section 50D of the Local Government (Scotland) Act 1973 (other than any containing confidential or exempt information) were relied on to any material extent in preparing the above report. 3. APPENDICES • Appendix 1 – Financial Regulations