 procedures to ensure that uncollectable amounts, including any bad debts  are not submitted to the coun cil for approval to be written off except with the  approval of the RFO and that the approvals are shown in the accounting  records ; and  measures to ensure that risk is properly managed . 1.1. The  c ouncil is not empowered by these Regulations or otherwise to deleg ate  certain  specified  decisions. In particular any decision regarding:  setting the final budget or the  p recept ( council t ax  r equirement ) ;  approving  accounting statement s ;  approving an annual governance statement;  borrowing ;  writing off bad debts;  declaring eligibility for the  General Power of Competence ; and  addressing recommendations in a ny r eport from the  internal or  external  a uditor s , shall be a matter for the full council only.  1.2. In addition the  c ouncil  must:  determine  and keep under regular review  the b ank  m andate for all council  bank accounts ;  approve a ny grant or a single commitment in excess of  [ £5,000 ] ; and  in respect of  the  a nnual salary for an y employee  have regard to  recommendations about annual salaries of employees made by  the  relevant c ommitte e in accordance with  its terms of reference. 1.3. In these financial regulations, references to the Accounts and Audit Regulations or  ‘the regulations’ shall mean the  r egulations issued under the provisions of section  27 of the Audit Commission Act 1998 , or any super s eding legislation, and then in  force unless otherwise specified . I n these financial regulations the term ‘proper practice’ or ‘proper practices’ shall  refer to guidance issued  in  Governance and Accountability for Local Councils  - a  Practitioners’  Guide (England)  issued by the Joint Practitioners Advisory Group  (JPAG), available from the  websites of NALC and the Society for Local Council  Clerks (SLCC).  MODEL FINANCIAL REGULAT IONS Page  4 of  20
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