Issue - meetings

a)    Changes to the Procurement Procedure, as detailed at Appendix B, be approved; and

b)    Changes to the various thresholds of the Financial Regulations of the Council, as detailed at Appendix A, be approved subject to the following amendments:

i)             Table A, Ref no. A3 be amended to say ‘£250k’ and not ‘£2500k’ and that the heading ‘Cabinet Member’ be amended to ‘Cabinet’;

ii)            Table A, Ref no. A4 be amended to say ‘Over £250k’ and not ‘Over £2500k’ and that ‘Council’ be amended to read ‘Cabinet’;

iii)           Reference no. F4 be amended to state the ‘Cabinet and Section 151 Officer’ with authority to write off stock deficiencies / obsolete stock;

iv)           Table H, ‘European Union Procurement Thresholds’ should state that this is ‘Valid up until 31/12/16’ and the following should be inserted under ‘Replaced by’:

           Goods:                 £164,176

           Services:             £164,176

           Works:                  £4,104,394

v)            Reference K1, against ‘Best possible price’ it should state ‘Value less than or equal to £1,000’ and not ‘greater than’.

c)    Changes to the Constitution in line with the above recommendations be approved.