Financial Procedure Rules 2026

Appendix 2 to the Council Constitution, adopted at the Annual Meeting on 1 May 2026. Sets out the financial management framework governing all Council expenditure, income, and accounting. Defines the responsibilities of the Section 151 Officer and Budget Holders, establishes a four-level virement framework (up to £500,000+ requiring Full Council approval), sets a minimum General Contingency Reserve of £1.5 million, and covers capital expenditure controls, debt recovery, treasury management, and the annual accounts and external audit process. Mandatory for all officers and Members.