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🔗 Source: quintonpc.org.uk
📊 Size: 433 KB
👤 Author: George Wisz
⬇️ Downloads: 181

Summary

The National Association of Local Councils provides a model for financial regulations to be considered by councils in England. The regulations cover various aspects of financial management, including accounting and audit, annual estimates, budgetary control, banking arrangements, and risk management. The council is responsible for ensuring adequate and effective financial management, with a sound system of internal control. The Responsible Financial Officer (RFO) is appointed by the council and is responsible for administering the council's financial affairs, determining accounting records and control systems, and producing financial management information. The regulations also outline the duties of officers, procedures for preventing and detecting inaccuracies and fraud, and measures for managing risk. Certain decisions, such as setting the final budget, approving accounting statements, and borrowing, are reserved for the full council.

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Description

The National Association of Local Councils provides a model for financial regulations to be considered by councils in England.

Technical Information

  • File Format: PDF
  • File Size: 433 KB
  • Pages: 19
  • Language: EN
  • Author: George Wisz
  • Total Downloads: 181
  • Last Updated: 21 hours ago

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