Policy And Resources Committee - 08/12/2003

At a MEETING of the FINANCE COMMITTEE held at Dundee on 8th December 2003.

Present:-

BAILIES

COUNCILLORS

Councillor George Regan, Convener, in the Chair.

The minute of meeting of this Committee of 10th November 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 19th November 2003, a copy of which is appended hereto, was submitted for information and record purposes.

II CAPITAL MONITORING

After considering Report No 796-2003 by the Depute Chief Executive (Finance) appraising members of the latest position regarding the Council's expenditure programme for 2003/2004, the Committee noted the contents of the report.

III REVENUE MONITORING

There was submitted Report No 797-2003 by the Depute Chief Executive (Finance) providing the Committee with analysis of the 2003/04 Projected Revenue Outturn as at 31st October 2003 monitored against the adjusted 2003/04 Revenue Budget.

The Committee:

(a) noted that the overall General Fund 2003/04 Projected Revenue Outturn as at 31 October 2003 showed an overspend of 47,000 against the adjusted 2003/04 Revenue Budget;

(b) noted that the Housing Revenue Account Projected Outturn was in line with the adjusted 2003/2004 Revenue Budget;

(c) instructed the Depute Chief Executive (Finance) to take every reasonable action to ensure that the 2003/04 Revenue expenditure was in line with the adjusted Revenue Budget; and

(d) 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 RELIEF OF RATES - CHARITY RELIEF

There was submitted Report No 788-2003 by the Depute Chief Executive (Finance) seeking authorisation to grant charity relief on the undernoted non-domestic properties:-

The Committee approved accordingly.

V TREASURY MANAGEMENT ACTIVITY 2003/04

On a reference to Article V of the minute of meeting of this Committee of 10th March 2003 there was submitted Report No 785-2003 by the Depute Chief Executive (Finance) reviewing the Treasury Management Activities for the period 1st April 2003 to 30th September 2003.

The Committee noted the information contained therein.

VI SCOTTISH LOW PAY UNIT

After considering Agenda Note AN535-2003, the Committee agreed to make a contribution of 4,200 to the Scottish Low Pay Unit.

The Committee resolved under Section 50(A)(4) of the Local Government (Scotland) Act 1973 that the public be excluded from the meeting for the undernoted item of business on the grounds that it involved the likely disclosure of exempt information as defined in Paragraphs 6 and 9 of Part I of Schedule 7(a) of the Act.

VII RELIEF OF NON-DOMESTIC RATES ON THE GROUNDS OF HARDSHIP

This item was withdrawn.

GEORGE REGAN, Convener.

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