Finance


Maldon Town Council is responsible by law for ensuing that its financial management is adequate and effective and that the Council has a sound system of financial control which facilitates the effective exercise of the Council’s functions, including arrangements for the management of risk and for the prevention and detection of fraud and corruption.

A Responsible Financial Officer (RFO) is a statutory office that is appointed by the council.  The Town Clerk has been appointed as RFO for the Council and the Financial Regulations will apply accordingly.  The RFO, acting under the policy direction of the Council, administers the Council’s financial affairs in accordance with proper practices and shall determine, on behalf of the Council, its accounting records, and accounting control systems.  The RFO shall ensure that the accounting control systems are observed and that the accounting records of the Council are maintained and kept up to date in accordance with proper practices.

 

pdf attachment icon Maldon Town Financial Regulations - Download a document giving details of Maldon Town Council’s Financial Regulations. [pdf 172kb]

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