Issue - decisions

REVISION OF VIREMENT LEVELS - MAY 2024

15/11/2023 - REVISION OF VIREMENT LEVELS

Consideration was given to the report of Simon Goacher, Independent Legal Adviser, on behalf of the Chief Operating Officer, the Corporate Director of Transformation, Housing & Resources, as contained on pages 145 to 150 of the Book of Reports, which presented information about virement levels adopted by other authorities and recommended approval of the revised virements levels as set out in the report.

 

RESOLVED:   A.     That the amendment of the virement approval levels in the Budget and Policy Framework be approved as follows:

 

Service Head                                                   £25,000

Chief Officers and Section 151 Officer              £50,000

Cabinet                                                           £100,000

(Policy & Resources Committee from May 2024)        

Full Council                                              over £100,000

 

B.     That the Proper Officer Provisions and Scheme of Delegation to Chief Officers etc (Constitution 4.2 to 4.2C), C. To the Head of Finance, Procurement & Commercial Services (as section 151 officer) to increase write off levels to £25,000, be amended as set out in Appendix 1 to the report.

 

C.     That the Head of Legal & Democratic Services update the Constitution accordingly.