Issue details

To adopt updated Audit Committee Terms of Reference and incorporate these into the Council’s Constitution.

Following consultation with the Chair of Overview and Scrutiny Committee, Chair of Audit Committee, Leader and Deputy Leader, Monitoring Officer and S151 Officer, it is:

RECOMMENDED that the Terms of Reference below be adopted and incorporated into the Council’s Constitution for the Audit Committee – Part 3a Responsibility for Functions
(i) The appointment of an Independent Member to the Audit Committee and to approve the role description, skills and knowledge and person specification at Appendix 1.

(ii) Amend the Audit Committee’s Terms of Reference to incorporate the inclusion of an Independent Member.

(iii) Amend the Audit Committee’s Terms of Reference to incorporate Treasury Management Strategy

(iv) Amend the Overview and Scrutiny Committee’s Terms of Reference to remove Treasury Management Strategy (para 19 in Table 2 – Council Functions – Part 3a: Responsibility for Functions) and transfer the function to the Audit Committee

Decision type: Non-key

Decision status: Recommendations Approved

Notice of proposed decision first published: 27/05/2021

Decision due: 27 May 2021 by Council

Lead member: Councillor Tony Schofield, The Deputy Leader and Executive Member for Finance and Governance Cllr.Schofield@reigate-banstead.gov.uk

Lead director: Head of Legal and Governance

Contact: Natasha Jindal, Solicitor Email: Natasha.Jindal@reigate-banstead.gov.uk.

Agenda items

Documents

  • To adopt updated Audit Committee Terms of Reference and incorporate these into the Council’s Constitution.