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Board Governance – financial monitoring reports

Purpose and recommendations

This paper seeks agreement to change SEPA’s financial reporting arrangements to the Board and its committees.

Recommendations: The Board is asked to approve the following changes in its financial reporting arrangements:

  • the detailed Financial Monitoring report currently tabled at all Board meetings in private session moves to the Audit, Risk & Assurance Committee (ARAC) for scrutiny; and

  • the Capital financial monitoring report currently tabled at the People & Resources Committee (PRC) also moves to ARAC to scrutinise.

The Board is asked to note that any changes required to committee ToRs will then follow this Board meeting, for approval by the Board.

Authors: Jenny Faichney, Unit Manager CLT & Board Support and Jennifer McWhirter, Clerk to the Board and Head of Corporate Legal & Leadership Support

Corporate Leadership Team Sponsors: Kirsty-Louise Campbell Deputy Chief Executive and Angela Milloy Chief Finance Officer

Date: 10 September 2026

Read the Board governance - financial monitoring report (MS Word, 205 kB)