Agenda item

To consider a report of the Deputy Chief Executive (and Section 151 Officer).

The report provides an update on the council’s required self-assessment of its position in respect of the Financial Management Code issued by the Chartered Institute of Public Finance and Accountancy (CIPFA).  The report provides an assessment of the financial arrangements currently in place to support compliance with the Code and identify areas for ongoing development.

Audit Committee is requested to note the report.

Officer contact: Jonathan Davies Tel: 0161 218 1025 or Email: jonathan.davies@stockport.gov.uk

The Deputy Chief Executive (and Section 151 Officer) submitted a report (copies of which had been circulated) which provided an update on the council’s required self-assessment of its position in respect of the Financial Management Code issued by the Chartered Institute of Public Finance and Accountancy (CIPFA).  The report provides an assessment of the financial arrangements currently in place to support compliance with the Code and identify areas for ongoing development.

The following comments were made/issues raised:

·         In response to a Member question, the Committee was advised that it was not entirely clear how often the code would be updated as it was CIPFA’s code, but it was likely to be driven by events.

RESOLVED – That the report be noted.