Terms of Reference
13.1 To scrutinise the Council’s
arrangements and performance in relation to financial planning,
including budget / target setting. e.g.
items within the Budget Framework including:
reviewing the effectiveness of the budget
contents of the Medium Term Financial
Capital Investment Strategy
financial targets in the Corporate Plan.
13.2 To review the management of
resources by scrutinising the Council’s financial performance
in year against agreed budgets or other targets. e.g.
capital and revenue spending against
specific activities including treasury
management, generation of revenue and capital income targets
financial savings/efficiency targets (MTFS/Gershon).
13.3 To monitor and review by exception
reporting within the PRTs the performance of the Council’s
services and contractual arrangements in delivering specific
strategic and operational objectives and outcomes. e.g.
receive Performance Review Team
monitor the delivery and effectiveness of
Service Level Agreement targets,
assess performance against key
performance indicators and benchmarks,
whether services are delivering their
review the effectiveness of the Council’s overall performance
management arrangements in relation to partnership working and to
scrutinise the performance of the Council’s major
scrutinise the Council’s policies and procedures and other
supporting arrangements for securing value for money (i.e. economy,
efficiency, effectiveness) e.g.
value for money strategy,
income management and collection
asset management practices,
13.6 To consider risk management issues
in reviewing and scrutinising performance.
13.7 To make recommendations as
appropriate in respect of the above.