Raunds Town Council

Serving the people of Raunds

Cllr Richard Levell, Raunds Town Mayor and his consort Mrs Magdalana Levell 2018  - 2019

Clerk: Ms Kate Houlihan
The Hall, Raunds
Wellingborough
Northamptonshire NN9 6LT

The Finance and Policy Committee was formed in May 2018.

To view agenda's for this committee click here

To view minutes for this committee click here

The purpose of the Finance and Policy Committee is to maintain financial oversight over the Council's finances and debate issues of Strategy and Policy in detail and to formulate recommendations to the Council.

It has delegated authority to spend within its allocated budget. This will include making decisions on budgeted finance and recommend to Council any proposals which are outside the approved budget and require either grant aiding or the use of financial reserves.

The Committees strategic role will be to formulate strategies for the Council to consider adopting. Maintain oversight of Council approved long term plans. Draft for Council approval policies and procedures for the good governance of the Council and its town.

The Committees Terms of Reference are:

  • consider draft strategic documents for Council approval;
  • consider policies and procedures for Council approval;
  • consider projects, their associated costs and funding sources;
  • use its delegated authority to spend within the budget allocated to the committee subject to the overall budget adopted by the Council;
  • oversee the preparation of a medium term financial plan;
  • to recommend to Members appropriate Councillor training;
  • ensure appropriate health and safety policies are in place to mitigate risk;
  • annually review financial regulations and recommend to Council any changes;
  • oversee internal audit, consider any weaknesses identified and recommend appropriate actions;
  • use its delegated authority to spend within the budget allocated to the committee subject to the overall budget adopted by the Council;
  • oversee the preparation of a medium term financial plan;
  • prepare draft budgets for the following financial year and recommend to Council accordingly;
  • maintain oversight of the income and expenditure against the current financial year's budget.
  • approve applications for virement either from other committees or the Council's Responsible Financial Officer.
  • consider and recommend to Council applications for expenditure from other committees which are outside their current budgets.

Members of the Finance and Policy Committee

Cllr Richard Levell - Chairman Ex Officio

Cllr Lee Wilkes - Ex Officio

Cllr Rosalie Beattie

Cllr Jamie Duff

Cllr Helen Howell (Vice Chairman)

Cllr Dudley Hughes

Cllr Bob Tyman