This committee meets regularly to consider information on financial performance and take appropriate action to ensure ongoing viability. It also deals with Human Resources and infrastructure related items.
Terms of reference include:
Appraising different expenditure options
Monitoring and adjusting in-year expenditure
Ensuring accounts are properly finalised at year end/reviewing outturn with the Local Authority
Evaluating the effectiveness of financial decisions
Ensuring there are effective and appropriate systems of internal financial control.