Issue - meetings

(i)       to note the response provided to questions from members; and

(ii)      to otherwise endorse the recommendations for improvement as agreed by the relevant function’

The Committee had before it a report by the Chief Internal Auditor which presented an audit in relation to Income Generation which was undertaken to provide assurance that budgeted income generation was based on robust assumptions and was being realised.

The report recommended:-

That the Committee review, discuss and comment on the issues raised within the report and the attached appendix.

In response to a question relating to recommendation 2.1.8 and how the implementation of the recommendation would be monitored, the Chief Officer – Finance advised that as part of the review of the Financial Regulations that a new process for virements would be implemented to ensure all material changes to the budgets were reported.

The Committee resolved:-

(i)       to note the response provided to the question from a member; and

(ii)      to otherwise endorse the recommendations for improvement as agreed by the relevant function.