Agenda item

Finance Department Restructure


That the restructure of services be approved, to consolidate them into a wider finance directorate, including the core operational finance teams (financial management and strategic and corporate finance), transactional finance teams (accounts payable and accounts receivable excluding revenues and benefits), a strengthened commercial services team and a new team that brings together financial governance, risk, insurance, internal audit and counter fraud and investigations and involving the following specific changes:


i. Increased internal capacity in the commercial services team to replace services provided by an external contractor;

ii.Increased internal capacity in the team covering internal audit to replace services provided by an external contractor;

iii.The transfer of the counter fraud and investigations team into a wider financial governance team;

iv.The transfer of the revenues, benefits and charges team into the finance department.

Supporting documents: