Winchcombe Town Council

Supporting Your Community

Committees

Finance committee

Overall objectives

The Finance Committee is responsible for ensuring the Council’s financial affairs are administered in accordance with proper practices and the Council’s own Financial Regulations. The Committee will direct the Responsible Financial Officer (“RFO”) to ensure the RFO’s statutory duties are met and the Financial Regulations are adhered to. In addition, the Finance Committee has responsibilities for the management of the clerk and assistance clerk’s contract of employment.

Areas of responsibility

  • Ensure that the Financial Regulations of the Council are complied with
  • Ensure the clerk and assistant clerk’s contracts of employment are maintained and administered
  • Facilitate the efficient day to day running of the council offices
  • Consider expenditure on Special Items, in conjunction with full Council where appropriate
  • Ensure adequate insurance is in place at all times
  • Monitor earmarked reserves
  • In accordance with the Financial Regulations, consider the risk management policy statements prepared by the Clerk and obtain approval by full council.

Duties and powers

In addition to those set out in the Financial Regulations:

  • To set the budget for the Finance Committee for the financial year
  • To determine how to spend money within the budget of the Finance Committee on projects agreed by the Committee and, where necessary, full Council
  • To monitor and advise on external funding opportunities and liaise with appropriate Chairmen

Members of the Finance committee are:

*Committee Chair

To view a list of archived minutes for the Finance committee, please click here
Minutes are archived online for upto two years, where available