Issue - meetings

(i)            to agree the revised Financial Regulations, as at Appendix A of the report;

(ii)          to agree the revised Reserves Policy, as at Appendix B of the report;

(iii)         to instruct the Chief Finance Officer to review the IJB’s Financial Regulations and the Reserves Policy and present those to the Risk, Audit and Performance Committee for agreement; and

(iv)         to note that the Regulations and Reserves Policies would be presented to the IJB for approval.

The Committee had before it a report prepared by the Chief Finance Officer presenting the findings of a financial governance review, a revised version of the IJB’s Financial Regulations and an updated Reserves Policy.

The report recommended:-

that the Committee:

(a)          approve the revised Financial Regulations, as at appendix A;

(b)          approve the revised Reserves Policy, as at appendix B; and

(c)          instruct the Chief Finance Officer to review the IJB’s Financial Regulations and the Reserves Policy and present those to the Risk, Audit and Performance committee for agreement.

The Committee resolved:-

(i)            to agree the revised Financial Regulations, as at Appendix A of the report;

(ii)          to agree the revised Reserves Policy, as at Appendix B of the report;

(iii)         to instruct the Chief Finance Officer to review the IJB’s Financial Regulations and the Reserves Policy and present those to the Risk, Audit and Performance Committee for agreement; and

(iv)         to note that the Regulations and Reserves Policies would be presented to the IJB for approval.