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MPC(21)94 Terms of Reference FERM

Agendas & PapersFull Council Uploaded on September 16, 2021

                                                                                                         MPC(21)94

 

 

TERMS OF REFERENCE FOR FINANCE EMPLOYMENT AND RISK MANAGEMENT COMMITTEE

This report sets out below the current terms of reference for Finance, Employment and Risk Management (FERM) Committee.

At the meeting of FERM Committee on 28 July 2021 Members resolved to recommend to Full Council a change of wording in Purpose viii. The proposal is to replace the existing term: “Preparation of the budget for approval by Full Council” with “To scrutinise any proposed in year changes to the budget and make recommendations on them to Full Council”.

Full Council is requested to consider this recommendation accordingly.

 William Grosvenor

Clerk and Executive Officer to the Council

15 September 2021

 

 

Finance, Employment and Risk Management Committee (incorporating revisions up to July 2020)

(D)                PURPOSE 

  • To be responsible for the employment of council staff
  • To provide contracts and other such documents as required by employment legislation
  • To provide a staff appraisal system
  • To agree salary levels for council employees
  • To provide a Disciplinary Panel consisting of three members of the Finance, Employment and Risk Management Committee
  • To provide an Appeals Panel consisting of one member from the Finance, Employment and Risk Management Committee not on the Disciplinary Committee and two other councillors who are not members of the Finance, Employment and Risk Management Committee
  • Oversight of the internal financial controls including Internal Audit arrangements, including the appointment of the Internal Auditor
  • Preparation of the budget for approval by full council
  • Provision of financial information to the full council
  • To consider or review the banking arrangements in conjunction with the RFO and make recommendations for the approval of Full Council
  • To enter into and review contracts for the provision of services to the council
  • To enter into and review contracts for the provision of insurance services to the council
  • To oversee the provision of council accommodation
  • To make recommendations of expenditure from reserves
  • To oversee the risk management of all council operations
  • Raising of funds
  • To consider all aspects of divestment/transformation
  • Strategic management of the Council’s budgets
  • To have oversight of financial aspects of new projects
  • To consider applications for grants and to recommend allocations to full council
  • To have oversight of the Council’s website and all communication channels

 

 (E)               Composition

Minimum of five Members, maximum of nine

(F)                Meeting frequency 

Six times a year