16.5 No tangible moveable property shall be purchased or otherwise acquired, sold, leased or otherwise disposed of, without the authority of the Council, together with any other consents required by law, except where the estimated value of any one item does not exceed £1,000. In each case above £1,000 a written report shall be provided to Full Council with a full business case.
17.1 The RFO shall keep a record of all insurances effected by the Council and the property and risks covered, reviewing these annually before the renewal date in conjunction with the Council's review of risk management.
17.2 The Clerk shall give prompt notification of all new risks, properties or vehicles which require to be insured and of any alterations affecting existing insurances.
17.3 The RFO shall be notified of any loss, liability, damage or event likely to lead to a claim, and shall report these to Full Council at the next available meeting. The RFO shall negotiate all claims on the Council's insurers.
17.4 All appropriate Councillors and employees of the Council shall be included in a suitable form of security or fidelity guarantee insurance which shall cover the maximum risk exposure as determined by Full Council, or duly delegated committee.
18.1 The Council shall review these Financial Regulations regularly and following any change of Clerk/RFO. The RFO shall monitor changes in legislation or proper practices and advise the Council of any need to amend these Financial Regulations.
18.2 The Council may, by resolution duly notified prior to the relevant meeting of ouncil, suspend any part of these Financial Regulations, provided that reasons for the suspension are recorded and that an assessment of the risks arising has been presented to all Councillors. Suspension does not disapply any legislation or permit the Council to act unlawfully.
18.3 The Council may temporarily amend these Financial Regulations by a duly notified resolution, to cope with periods of absence, local government reorganisation, national restrictions or other exceptional circumstances.