Agenda item

An outline of the budget and MTFP setting process

Minutes:

The Committee received a detailed presentation from the Head of Finance (Corporate Finance) outlining the budget and MTFP setting process (for copy of presentation see file of Minutes).

 

He highlighted the following to Members of the Committee:-

  • Budget Procedures Rules – overall framework and requirement of the Full Council
  • Finance Procedure Rules – how the budget process should be developed/ controlled
  • Financial Management Standards – how the FMS support the Finance Procedure Rules
  • 2014/15 Budget and 2014/15 – 2016/17 Medium Term Financial Plan – details of the actual process followed which is driven / controlled by the Procedure Rules

 

The Chairman thanked the Head of Corporate Finance for a very informative presentation.

 

 

Supporting documents: