Issue - meetings

Financial Management Action Plan Update

Meeting: 09/01/2019 - Audit & Governance Committee (Item 5)

5 Financial Management Action Plan Update pdf icon PDF 154 KB

2.10pm

 

Report from the Director for Finance (REPORT TO FOLLOW).

 

In 2018 the Director of Finance commissioned a review including a consultation with stakeholders on the adequacy and effectiveness of Financial Management across the council. This report summarises the action plan being implemented to address the areas identified as requiring improvement, and an update on progress being made. 

Decision:

Recommendations agreed.

Minutes:

Ian Dyson introduced the report which updated the Committee on seven areas of activity that are to be achieved by the end of March.

 

Officers responded to issues raised by Members as follows:

·         Training is mandatory for cost-centre managers.  Further training is being proposed and it will be advocated that this should also be mandatory.

·         The improvements are really in back-office systems but everyone, including residents, will see a better service as a result.

·         The savings from the transformation programme will be detailed in the January report to Cabinet.  A project management approach is being taken and benefits will be tracked.

·         The action plan is being monitored through monthly reports, performance reporting and audit reports.

 

RESOLVED: to note the report.