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Terms
of Reference operational from 1 April 2020
PURPOSE OF COMMITTEE
To approve and monitor financial
strategies, budgets and financial performance in light of available funding. The Committee will
also consider:
•
strategies to support the city’s
economic growth;
•
additions to the Capital Programme;
and
•
recommendations regarding the
Council’s property and estates portfolio.
The Committee monitors the delivery of
all services provided by the Resources Function and the City
Growth, Governance and Strategic Place Planning. It scrutinises
performance and approves options to improve those services within
set budgets to ensure best value and delivery of the
Council’s agreed outcomes.
REMIT OF COMMITTEE
1.
Budgets
The Committee will:
1.1
approve recommendations regarding the
Council’s resources including finance, staffing structures
and property; and monitor all Council budgets including all Useable
Reserves, and in particular:
1.1.1
scrutinise function budget monitoring
reports and make decisions to ensure that Council spending is
delivered on budget;
1.1.2
hold budget holders to account for the
proper control of the budget for which they are responsible;
1.1.3
approve changes to the budget including
vire between function budgets where
this is in excess of the amount delegated to officers in the
Financial Regulations and Powers Delegated to Officers;
1.1.4
consider and approve Outline and Full
Business Cases for projects added to the Capital Programme
outwith the budget process
1.1.5
approve annual procurement workplans in
respect of the Capital Programme,
1.1.6
approve Procurement Business Cases in
respect of projects added to the Capital Programme outwith the budget process, submitted in accordance
with Procurement Regulations;
1.1.7
approve the allocation of additional
funding or removal of funding to existing projects, both capital
and revenue;
1.1.8
approve the addition of new projects to
the Capital Programme outwith the
budget process;
1.1.9
approve use of the Council’s
Useable Reserves;
1.1.10
monitor the Code of Guidance on Funding
External Bodies and Following the Public Pound and take such action
as is required to ensure that the Council meets its duties;
1.1.11
receive Moody’s formal credit
rating reassessment; and
1.1.12
approve financial guarantees, including
requests received from relevant Admitted Bodies of the Pension
Fund.
2.
Service
Delivery
2.1
The Committee will, for the Resources
Function and the City Growth, Governance and Strategic Place
Planning Clusters:-
2.1.1
make decisions relating to service
delivery;
2.1.2
approve options to improve/transform
service delivery;
2.1.3
scrutinise operational performance and
service standards in line with the Performance Management Framework
and consider recommendations for improvements where required;
2.1.4
receive the cluster risk registers
relative to its remit and scrutinise to ensure assurance that
efficient controls are in place;
2.1.5
approve all policies and strategies
relative to its remit; and
2.1.6
receive reports on inspections and peer
reviews in order to ensure best practice and note any actions
arising from those inspections and reviews.
2.2
In undertaking the aspects at 2.1, the
Committee will ensure that it is acting within the budget set by
Council and overseen by this Committee and in accordance with best
value and supporting delivery of the Council’s agreed
outcomes, commissioning intentions, service specifications and
service standards.
3.
City Growth and Strategic
Place Planning
The Committee will:
3.1
approve reports to support the annual
re-assessment of the Council’s credit rating;
3.2
approve the Council’s actions for
city growth and place planning except in relation to major
infrastructural planning and the Local Development Plan;
and
3.3
approve key actions required by the
Council to facilitate the delivery of strategies (including
partnership strategies) and the Inward Investment Plan to support
city growth and place planning.
4.
Property and
Estates
The Committee will:
4.1
approve recommendations regarding the
Council’s assets, property and estates;
4.2
hear and determine requests for review
under s86(10) of the Community Empowerment (Scotland) Act 2015
against the refusal by officers to approve community asset
transfers;
4.3
approve the procedure for the Community
Asset Transfer Sub Committee; and
4.4
approve the acquisition and disposal of
land, and property.
Executive Lead – Chief Officer -
Finance
