Tower Hamlets Council Constitution

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Tower Hamlets Council Constitution

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Chapter

2. The Full Council is responsible for approving the treasury management policy statement setting out the matters detailed in paragraph 15 of CIPFA’s Code of Practice for Treasury Management in Local Authorities. The policy statement is proposed to the full Council as part of the annual budget setting process.
a. Ensuring that any match funding requirements are considered prior to entering into any agreement, that future revenue budgets reflect these requirements, and that any longer term sustainability costs have been properly assessed.
New posts must be funded within the Director’s approved budget and authorised in accordance with the Establishment Control Procedure.
A. Managing Budgets
Incurring revenue expenditure within approved budget limits
May be delegated further to designated line managers with budget responsibility
Authorising virements within approved service budget
Provided no additional overall budget liability
May be delegated further to designated budget managers within agreed limits
budgets up to £1M