Policy And Resources Committee - 08/09/2003
At a MEETING of the FINANCE COMMITTEE held at Dundee on 8th September, 2003.
Present:-
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Lord Provost John R LETFORD |
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BAILIES
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C D P FARQUHAR |
John CORRIGAN |
Bruce D MACKIE |
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Helen WRIGHT |
Neil I C POWRIE |
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COUNCILLORS
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Jill SHIMI |
Fraser MACPHERSON |
Christina ROBERTS |
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Kevin KEENAN |
Helen DICK |
Jim BARRIE |
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George REGAN |
Nigel DON |
Will DAWSON |
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Fiona M GRANT |
Bob DUNCAN |
Elizabeth F FORDYCE |
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Christopher HIND |
Richard BEATTIE |
Roderick A J WALLACE |
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Joe MORROW |
Willie W SAWERS |
Charles A WEBSTER |
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Joe FITZPATRICK |
Derek J SCOTT |
Councillor George REGAN, Convener, in the Chair.
The minute of meeting of this Committee of 18th August, 2003 was held as read.
Unless marked thus * all items stand delegated.
I SUPERANNUATION INVESTMENT SUB-COMMITTEE
The minute of meeting of the Superannuation Investment Sub-Committee of 20th August, 2003, a copy of which is appended hereto, was submitted for information and record purposes.
II CAPITAL MONITORING
After considering Report No 564-2003 by the Depute Chief Executive (Finance) appraising members on the latest position regarding the Council's expenditure programme for 2003/04, the Committee noted the contents of the report.
III REVENUE MONITORING
There was submitted Report No 579-2003 by the Depute Chief Executive (Finance) providing the Committee with an analysis of the 2003/04 Projected Revenue Outturn as at 31st July, 2003 monitored against the adjusted 2003/04 Revenue Budget.
The Committee:-
(i)noted that the overall General Fund 2003/04 Projected Revenue Outturn as at 31st July, 2003 showed an overspend of 49,000 against the adjusted 2003/04 Revenue Budget;
(ii)noted that the Housing Revenue Account Projected Outturn was in line with the adjusted 2003/04 Revenue Budged;
(iii)agreed that the Depute Chief Executive (Finance) would take every reasonable action to ensure that the 2003/04 Revenue expenditure was in line with the adjusted Revenue Budget; and
(iv)instructed the Depute Chief Executive (Finance) in conjunction with all Chief Officers of the Council to continue to monitor the Council's 2003/04 Projected Revenue Outturn.
IV ANNUAL TREASURY ACTIVITY 2002/2003
On a reference to Article VI of the minute of meeting of this Committee of 8th September, 2003 there was submitted Report No 575-2003 by the Depute Chief Executive (Finance) reviewing the Treasury Management activities for the period 1st April, 2002 to 31st March, 2003.
The Committee noted the information contained in the report.
GEORGE REGAN, Convener.
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