Policy And Resources Committee - 21/10/2002
At a MEETING of the FINANCE COMMITTEE held at Dundee on 21st October 2002.
Present:-
COUNCILLORS
|
George de GERNIER |
Willie W SAWERS |
Dave BEATTIE |
|
Helen WRIGHT |
Joe FITZPATRICK |
Fraser MACPHERSON |
|
Betty WARD |
George REGAN |
Jim BARRIE |
|
Neil I C POWRIE |
Bruce D MACKIE |
Julia M STURROCK |
|
Ian BORTHWICK |
Roderick A J WALLACE |
Neil GLEN |
|
Robin PRESSWOOD |
Kenneth J N GUILD |
Elizabeth F FORDYCE |
|
Richard BEATTIE |
Derek J SCOTT |
Fiona M GRANT |
|
Andrew DAWSON |
John CORRIGAN |
David BOWES |
Councillor George REGAN, Convener, in the Chair.
The minute of meeting of this Committee of 9th September 2002 was held as read.
Unless marked thus * all items stand delegated.
I MINUTE OF AUDIT AND RISK MANAGEMENT SUB-COMMITTEE
The minute of meeting of the Audit and Risk Management Sub-Committee of 23rd September 2002 copy of which is appended hereto was submitted for information and record purposes.
II CAPITAL EXPENDITURE MONITORING 2002/03
After considering Report No 704-2002 by the Director of Finance appraising members on the latest position regarding the Council's expenditure programme for 2002/2003 the Committee noted the contents of the report.
III REVENUE MONITORING 2002/03
There was submitted Report No 709-2002 by the Director of Finance providing the Committee with an analysis of the 2002/03 projected revenue outturn as at 31st August 2002 monitored against the adjusted 2002/03 revenue budget.
The Committee:-
(i) noted that the overall General Fund 2002/03 Projected Revenue Outturn as at 31st August 2002 showed an overspend of 36,000 against the adjusted 2002/03 Revenue Budget;
(ii) noted the Housing Revenue Account Projected Outturn was in line with the adjusted 2002/03 Revenue Budget;
(iii) instructed the Director of Finance to take every reasonable action to ensure that the 2002/03 Revenue expenditure was in line with the approved Revenue Budget; and
(iv) Instructed the Director of Finance in conjunction with all Chief officers of the Council to continue to monitor the Council?s 2002/03 Projected Revenue Outturn.
IV INSURANCE AND RISK MANAGEMENT SECTION - RISK MANAGEMENT INFORMATION SYSTEM
There was submitted Agenda Note AN271-2002 intimating that the Insurance and Risk Management Section currently processed approximately 7,500 claims per annum and that the Risk Management Information System used to support this activity required to be upgraded.
The Council's Risk Manager had approached three Companies to obtain quotes for a replacement system and recommended that the lowest quote being that from Zurich Municipal amounting to 3,500 plus annual maintenance costs of 1,500 be accepted.
The Committee approved accordingly.
GEORGE REGAN, Convener.
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