Local Government Act 2001
Audit committee.
F147[122.—(1) A local authority shall establish a committee, to be known as an audit committee, within 3 months of—
(a) the polling day for the election of the incoming members of the local authority or,
(b) where the poll is for any reason countermanded, interrupted or adjourned, the day on which the poll is completed or the fresh poll is held, and from that establishment any audit committee previously established shall cease to exist.
(2) The functions of an audit committee are—
(a) to review financial and budgetary reporting practices and procedures within the local authority that has established it,
(b) to foster the development of best practice in the performance by the local authority of its internal audit function,
(c) to review any audited financial statement, auditor’s report or auditor’s special report in relation to the local authority and assess any actions taken within that authority by its chief executive in response to such a statement or report and to report to that authority on its findings,
(d) to assess and promote efficiency and value for money with respect to the local authority’s performance of its functions, and
(e) to review systems that are operated by the local authority for the management of risks.
(3) The Minister may prescribe by regulations for all or any of the following matters regarding an audit committee:
(a) its membership;
(b) the holding by it of meetings, including the frequency of those meetings and the conduct of them;
(c) the preparation of reports by it and the furnishing of them to other persons;
(d) the performance by it of its functions, whether generally or in particular cases, and the procedures to be followed in relation to that performance;
(e) the provision for privilege to attach to statements made to it or made by members of the committee in their capacity as such members;
(f) such other matters that are incidental to, or consequential on, any of the matters set out in paragraphs (a) to (e).]
Annotations
Amendments:
F147
Substituted (1.06.2014) by Local Government Reform Act 2014 (1/2014), s. 59, S.I. No. 214 of 2014.
Modifications (not altering text):
C77
Functions transferred and references construed (16.05.2024) by Local Government (Mayor of Limerick) and Miscellaneous Provisions Act 2024 (7/2024), ss. 26 and sch. 1 part 2, S.I. No. 207 of 2024, subject to transitional provisions in s. 4.
Director general
26. (1) The chief executive of Limerick City and County Council shall, on and after the vesting day, be known as the director general of Limerick City and County Council and is in this Act referred to as the “director general”.
(2) The person who, immediately before the vesting day, was the chief executive of Limerick City and County Council shall, on and after that day, continue in office and be referred to in accordance with subsection (1).
(3) On and after the vesting day, a reference in an enactment specified in Part 2 of Schedule 1 to chief executive shall, in so far as that reference applies to the chief executive of Limerick City and County Council, be construed as a reference to the director general, or as including a reference to the director general, as the context may require.
(4) This section shall apply subject to the modifications of the Principal Act specified in Schedule 3.
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SCHEDULE 1
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PART 2
Enactments for Purposes of Sections 10 and 26
Number and Year (1) |
Short Title (2) |
Provision (3) |
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No. 37 of 2001 |
Local Government Act 2001 |
Sections 11(8), 28, 46, 52(5)(d) and (9), 81, 86, 97, 98, 99, 104, 107, 108, 109(5) and (6), 110(6), (9) and (10), 112, 120, 121, 122, 126D(7), 126E(1), 128A, 128D, 128E(2), 129I(5), 129M, 129N, 129O, 129P, 129Q, 129R, 129T, 132, 138, 140, 144(3)(a) and (8), 145, 146, 147, 148, 149, 149A, 151, 152, 153, 158, 160(3) and (4), 166, 167(1)(c), 173(1), 174(8), 178(1), (2), (4) and (5), 179, 180(4)(b) and (c), 211B, 211C, 211D, 211E and 211F, 214(3), (4) and (5), 229; paragraphs 13(6) and 15(4) of Schedule 10. |
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Editorial Notes:
E238
Power pursuant to section exercised (14.06.2024) by Local Government (Audit Committee) (Amendment) Regulations 2024 (S.I. No. 256 of 2024), in effect as per reg. 1(2).
E239
Local Government Reform Act 2014 (1/2014), s. 5(1) and sch. 1 part 1 ref. 76 provides for the substitution of “chief executive” for “manager” in subs. (7). This amendment is obsolete as the section was substituted by Local Government Reform Act 2014 (1/2014), s. 59, as per F-note above.
E240
Previous affecting provision: section substituted by Local Government (Business Improvement Districts) Act 2006 (42/2006), s. 5, not commenced; deleted (1.01.2014) by Local Government Reform Act 2014 (1/2014), s. 5(2) and sch. 1 part 2, S.I. No. 214 of 2014.