Chief finance (section 151) officer
CHIEF FINANCE OFFICER (SECTION 151) OFFICER
|
||
Ref |
Function
|
Consultation (where applicable)
|
1.0 |
|
|
1.1 |
To deal with all the council’s staff salaries and wages, together with all tax, superannuation and similar deductions
|
|
1.2 |
To organise, administer and monitor the council’s loan scheme and authenticate all agreements relating to the scheme
|
|
2.0 |
|
|
2.1 |
To sign all cheques and similar documents for the payment of monies due by the council
|
|
2.2 |
To make determinations relating to government controls over spending and borrowing and to administer the council’s accounts and various bank accounts Sections 42, 56, 60 and 63 LGFA1988
|
|
2.3 |
To organise, administer and monitor any council overdrafts with the council's bank.
|
|
2.4 |
To organise, administer and monitor any loans or other borrowing arrangements with the council's bank or other lending institutions or individuals.
|
Cabinet member for finance in the case of borrowing for more than 365 days.
|
2.5 |
To organise, administer and monitor the investment of council funds and other treasury management functions.
|
|
2.6 |
To act as the money laundering reporting officer.
|
|
2.7 |
To make exceptions to the limits in the treasury management investment strategy in any financial year up to £3,000,000, where he is satisfied that it is financially advantageous to the council and at a comparable level of risk to that detailed in the treasury management investment strategy.
|
Cabinet member for finance
|
3.0 |
|
|
3.1 |
To authorise the writing off of any debt.
|
Cabinet member for finance when over £5,000
|
4.0 |
|
|
4.1 |
To grant discounts/relief to non-domestic ratepayers under Sections 43, 45, 47 and 49 LGFA 1988.
|
|
4.2 |
To determine all applications for discretionary council tax reductions in accordance with any rules made by the council. (S.13A(c).LGFA 1992).
|
|
4.3 |
To approve and submit the Council’s national non-domestic rates 1 form (NNDR1) each year as required by the Local Government Finance Act 1988 (as amended by the Local Government Finance Act 2012).
|
Cabinet member for finance |
5.0 |
|
|
5.1 |
To determine variations in interest rates on mortgages and advances for private house purchase. (S.438 HA 1985).
|
|
5.2 |
To authorise action and incur expenditure in connection with emergencies and disasters, in accordance with the Financial procedure rules.
|
|
5.3
|
To authorise postponement of the council’s right to repayment of discount until after a lender has received the amount owing on a mortgage. |
|
5.4 |
To determine applications for the postponement of the council's registered charge following the sale of a council house. (S.156 HA 1985).
|
|
Supporting documents: