About
The Finance Committee meets a minimum of 4 times per annum and monitors the budget and expenditure of the Town Council. It is responsible for ensuring that the Council’s spending objectives are met and that all financial procedures are being carried out in accordance with Financial Regulations.
Finance Committee Members
Finance Committee Meetings Calendar
Further Information
Terms of Reference
To oversee the annual budget process and to liaise and advise other Committees with the setting of their budgets and to recommend to full council the annual precept and budget.
- The Committee shall consist of 7 elected Members and the quorum is 3.
- The Committee shall call a minimum of 4 meetings per year.
- To be responsible for regular monitoring of the Council’s Budget and reserves position.
- To be responsible for reporting requests for virements to Town Council.
- To be responsible for ensuring that the Council’s agreed spending objectives are met.
- To be responsible for annual reviews of financial policies and procedures to safeguard the Council’s finances.
- To regularly review, and recommend to Council where necessary, amendments to the Council’s Financial Regulations.
- To consider, on behalf of Council and in conjunction with, responses to auditors’ reports.
- To work with and co-operate with officers in their duties with regard to preparing any financial documentation on behalf of
Town Council - To review the Aylesbury Special Expenses budget prepared by Buckinghamshire Council and make recommendations for Council’s response to these.
Ad-hoc monitoring of expenditure in cost categories. - To ensure that financial procedures are being carried out in accordance with Financial Regulations.
- To implement and review a three year rolling budget/forecast.
- To review the Committee Terms of Reference in a regular and timely manner