2
• Have items or services above the de
minimus amount been competitively
purchased? Yes
• Are payments in the cashbook
supported by invoices, authorised and
minuted? Yes and fully cross
referenced
• Has VAT on payments been identified,
recorded and reclaimed? Yes
• Is s137 expenditure separately
recorded and within statutory limits?
Yes
No spend
Risk management
arrangements
• Does a review of the minutes identify
any unusual financial activity? No
• Do minutes record the council carrying
out an annual risk assessment? Yes at
item 09.15 6 May 15 meeting
• Is insurance cover appropriate and
adequate? Yes and reviewed annually
in line with additions to asset register
and risk assessment
• Are internal financial controls
documented and regularly reviewed?
Yes as per Standing Orders and
Financial Regulations
Budgetary Controls
• Has the council prepared an annual
budget in support of its precept? Yes,
RESOLVED at item 56.15 of the Jan
16 meeting
• Is actual expenditure against the budget
regularly reported to the council? Yes at
every meeting
• Are there any significant unexplained
variances from budget? No
Income Controls
• Is income properly recorded and
promptly banked? Yes, as soon as it is
received