Agenda item

The minutes of the meeting held on 27 June 2013 were agreed and signed by the Chairman as a correct record.

Consideration was given to all current items on the Committee’s Action Plan (for copy of action plan see file of Minutes) with dates set when these would be reported back to Committee. The Plan would be updated accordingly.

The Strategic Finance Manager gave an update on Item 5 of the Action plan relating to the external audit progress report on Journals.  She explained that all journals over £1m in value are printed and signed by senior members of staff. The facility to approve journals within Oracle is available but it was felt that it would not be sustainable to operate this system as it could cause delays in the journals being processed.