Direct Costs and Goods not supplied to Council M Follow up on all orders and not Approval overhead expenses pay goods have been received. Invoice incorrectly calculated or L Check arithmetic on invoices RFO recorded and perform bank reconciliations on regular basis Cheque payable is excessive or to M Signatory initials stub and Approval Check wrong party voucher All invoices -when to pay? L Orders for the payment of RFO. money shall be authorised by Minuted resolution of the Council and signed by two members. RFO has permission to sign the Lloyds TSB “everyday”account Grants and support No power to pay or no evidence of M Minute council agreement with Member to verify agreement of council to pay the power used to authorise payment Condition agreed L Agree and document any RFO check reasonable conditions Election Costs Invoice at agreed rate L RFO check and consider RFO verify budget VAT Analysis M All items in cash book lists RFO verify VAT Charged on sales L Repay to H M Revenue & Customs Charged on purchases L Consider all items per RFO verify cashbook lists Claimed within time limits M returns submitted RFO verify Reserves Adequacy L Consider at Budget Setting RFO / members Assets Loss, Damage etc M Annual inspection, update Diary insurance and asset register Risk or damage to third party property M Review adequacy of Public Diary or individuals eg at the Maesyderi Liability insurance Field. TOPIC RISK IDENTIFIED H/M/L MANAGEMENT OF RISK STAFF ACTION
Direct Costs and overhead expenses Goods not supplied to Council M Follow up on all orders and not pay goods have been received. Approval Invoice incorrectly calculated or recorded L Check arithmetic on invoices and perform bank reconciliations on regular basis RFO Cheque payable is excessive or to wrong party M Signatory initials stub and voucher Approval Check All invoices -when to pay? L Orders for the payment of money shall be authorised by resolution of the Council and signed by two members. RFO has permission to sign the Lloyds TSB “everyday”account RFO. Minuted Grants and support No power to pay or no evidence of agreement of council to pay M Minute council agreement with the power used to authorise payment Member to verify Condition agreed L Agree and document any reasonable conditions RFO check Election Costs Invoice at agreed rate L RFO check and consider budget RFO verify VAT VAT Analysis M All items in cash book lists RFO verify Charged on sales L Repay to H M Revenue & Customs Charged on purchases L Consider all items per cashbook lists RFO verify Claimed within time limits M returns submitted RFO verify Reserves Adequacy L Consider at Budget Setting RFO / members Assets Loss, Damage etc M Annual inspection, update insurance and asset register Diary Risk or damage to third party property or individuals eg at the Maesyderi Field. M Review adequacy of Public Liability insurance Diary TOPIC RISK IDENTIFIED H/M/L MANAGEMENT OF RISK STAFF ACTION
2018-19-financial-risk-assesment.docx