Policy And Resources Committee - 10/03/2003

At a MEETING of the FINANCE COMMITTEE held at Dundee on 10th March, 2003.

Present:-

COUNCILLORS

Councillor George REGAN, Convener, in the Chair.

The minute of meeting of this Committee of 13th February, 2003 was held as read.

Unless marked thus * all items stand delegated.

I AUDIT AND RISK MANAGEMENT SUB-COMMITTEE

The minute of meeting of the Audit and Risk Management Sub-Committee of 3rd February, 2003 a copy of which is appended hereto was submitted for information and record purposes.

II CAPITAL MONITORING

After considering Report No 198-2003 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

There was submitted Report No 217-2003 by the Director of Finance providing the Committee with an analysis of the 2002/03 projected revenue outturn as at 31st January, 2003 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 January, 2003 showed an underspend of 33,000 against the adjusted 2002/03 Revenue Budget.

(ii)noted that the Housing Revenue Account Projected Outturn was in line with the 2002/2003 Revenue Budget.

(iii)agreed that the Director of Finance would take every reasonable action to ensure that the 2002/03 Revenue expenditure was in line with the approved Revenue Budget.

(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 RELIEF OF RATES - CHARITY RELIEF

There was submitted Report No 214-2003 by the Director of Finance seeking authorisation to grant charity relief on the undernoted non-domestic properties.

The Committee approved accordingly.

V TREASURY MANAGEMENT STRATEGY 2003/2004

On a reference to Article VII and the Minute of Meeting of this Committee of 11th March 2002 there was submitted Report No 191-2003 by the Director of Finance regarding the Council's Treasury Management Strategy for 2003/04.

The Committee:-

(i)noted that in terms of the Treasury Policy Statement, the Director of Finance was obliged to present the annual Treasury Management Strategy at the start of each financial year.

(ii)approved the strategy proposed by the Director of Finance for 2003/2004 as set out in the document "Treasury Management Strategy 2003/2004".

VI TAYSIDE SUPERANNUATION FUNDS ACTUARIAL VALUATION AT 31ST MARCH 2002

There was submitted Report No 190-2003 by the Director of Finance updating the Committee on actuarial valuation of the Tayside Superannuation Fund and Tayside Transport Superannuation Fund at 31st March 2002.

The Committee noted the information detailed in the report.

VII 2003/04 INSURANCE AND RISK MANAGEMENT PROGRAMME

After considering Report No 247-2003 by the Director of Finance, the Committee approved the insurance programme, self-funding and claims handling procedures for the 2003/04 financial year.

VIII FINANCE DEPARTMENT - REVENUES DIVISION - REVIEW OF STAFFING - INTRODUCTION OF TAXCREDITS AND PENSIONS CREDITS

There was submitted Report No 206-2003 by the Directors of Finance and Personnel and Management Services seeking authorisation to establish additional posts to meet work generated by the legislative introduction of new Tax Credits and Pension Credits.

The Committee noted and approved the content of the report.

GEORGE REGAN, Convener.

APPENDIX