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Financial Regulations

Argyll and Bute Council · 29 May 2024
Back to Argyll and Bute HSCP Integration Joint Board (IJB) — 29 May 2024 and its agenda

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Integration Joint Board 
Date of Meeting: 29 May 2024 
Title of Report: Financial Regulations 
Presented by: James Gow, Head of Finance    
The  Integration Joint Board is recommended to:
▪ Note that the Financial Regulations have been reviewed by officers and
have been shared with both partners; and
▪ Approve the Financial Regulations. 
1. EXECUTIVE SUMMARY 
The IJB is required to have in place financial regulations which are designed
to contribute to the system of governance, assurance, financial management
and control of the activities delegated to the IJB. The Financial Regulations
should be reviewed on a regular basis, this report is seeking IJB approval for
these following review by the Chief Finance Officer and the Strategic
Leadership Team. The revised Financial Regulations have been re-shared
with both partners. No substantive changes are being recommended.
It is proposed that the Financial Regulations will next be reviewed in three
years unless there is a requirement to undertake this at an earlier date.   
2. DETAIL OF REPORT 
The Financial Regulations have been reviewed by officers of the HSCP and
only minor changes to wording have been made, largely to reduce repetition.
The purpose of the regulations is primarily to outline the governance
arrangements and responsibilities concerning the operation of the IJB. The
document is heavily focussed upon financial management processes and
responsibilities of the Chief Financial Officer, Chief Officer and budget holders
within the HSCP. It also outlines the responsibilities of the Director of Finance
of NHS Highland and the Section 95 Officer of Argyll & Bute Council in relation
to supporting the governance of the HSCP / IJB. 
The Financial Regulations are supported by operational processes and
procedures within both partner organisations and focus on setting the high
level framework for financial governance within the IJB only. 
The Financial Regulations also confirm that the IJB does not own the assets
it utilises and cannot incur capital spend, such responsibilities are held by both

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partners. Officers of the IJB are expected to contribute to the development of
business cases to support and direct capital investment and maintenance.  
Overall, the review of the Financial Regulations has not resulted in any
material changes and the review provides management assurance that the
financial management and governance framework operating within the IJB is
compliant with these regulations. External assurance is provided through the
internal and external audit processes which include regular review of key
governance documents and their implementation. 
3. RELEVANT DATA AND INDICATORS
None 
4. CONTRIBUTION TO STRATEGIC PRIORITIES
Financial sustainability and sound management of public funds administered
by the IJB are important strategic priorities. 
5. GOVERNANCE IMPLICATIONS
5.1 Financial Impact
None directly from the review of the Financial Regulations. The process
of regular review provides the IJB with the opportunity to re-consider
financial governance arrangements.
5.2 Staff Governance
The Financial Regulations outline the responsibilities of senior staff within
the HSCP / IJB and partners. They also seek to ensure processes are in
place to monitor and control expenditure in line with budget, in practise
this has staff governance implications. 
5.3 Clinical and Care Governance
None directly arising from the contents of this report. 
6.  PROFESSIONAL ADVISORY
6.1 The revised financial regulations have been considered by the full
Strategic Leadership Team. 
7.  EQUALITY & DIVERSITY IMPLICATIONS
7.1 There are no equality and diversity implications associated with the
contents of this report. 
8.  GENERAL DATA PROTECTION PRINCIPLES COMPLIANCE 
8.1  None 
9.  RISK ASSESSMENT
9.1 The Financial Regulations seek to ensure that clear financial governance
arrangements are in place. These in turn contribute to the governance

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and financial control framework and contributes to the mitigation of a
number of financial, reputational and governance risks. 
10.  PUBLIC & USER INVOLVEMENT & ENGAGEMENT
10.1 The Financial Regulations are publicly available. 
11.  CONCLUSIONS
The Financial Regulations have been reviewed and no material changes
are being recommended. They are considered to continue to be
appropriate, it is recommended that they will next be reviewed in three
years time. 
12. DIRECTIONS 
Directions
required to
Council, NHS
Board or
both.
Directions to: tick
No Directions required x
Argyll & Bute Council 
NHS Highland Health Board 
Argyll & Bute Council and NHS Highland Health Board 
13. PREVIOUS REVIEW OF THE REPORT 
Meeting  Title of report Date Output (if
relevant)
Strategic
Leadership
Team
Financial Regulations 07/05/24 Recommended
to the IJB 
APPENDICES:
Appendix 1 – Financial Regulations 
REPORT AUTHOR AND CONTACT 
AUTHOR NAME: James Gow, Head of Finance 
EMAIL: james.gow@argyll-bute.gov.uk