Policy And Resources Committee - 13/12/2004

At a MEETING of the FINANCE COMMITTEE held at Dundee on 13th December 2004.

 

Present:-

 

Lord Provost John R LETFORD

 

 

 

BAILIES

 

C D P FARQUHAR

Neil I C POWRIE

Bruce D MACKIE

Helen WRIGHT

 

Ian BORTHWICK

 

COUNCILLORS

 

Jill SHIMI

Helen DICK

Joe FITZPATRICK

Kevin KEENAN

Nigel DON

Jim BARRIE

Julia M STURROCK

Bob DUNCAN

Will DAWSON

Fiona M GRANT

Richard BEATTIE

Elizabeth F FORDYCE

Christopher HIND

Andrew DAWSON

Roderick A J WALLACE

Joe MORROW

Willie W SAWERS

Charles A WEBSTER

Fraser MACPHERSON

 

Derek J SCOTT

 

 

Councillor Joe MORROW, in the Chair.

 

The minute of meeting of this Committee of 8th November 2004 was held as read.

 

Unless marked thus * all items stand delegated.

 

I MINUTE OF SUPERANNUATION INVESTMENT SUB-COMMITTEE

 

The minute of meeting of the Superannuation Investment Sub-Committee of 17th November 2004 a copy of which is appended hereto was submitted for information and record purposes.

 

II REVENUE MONITORING 2004/2005

 

There was submitted Report No 814-2004 by the Depute Chief Executive (Finance) providing the Committee with an analysis of the 2004/05 project revenue outturn as at 31st October 2004 monitored against the adjusted 2004/05 Revenue Budget.

 

The Committee:-

 

(i)noted that the overall General Fund 2004/05 Project Revenue Outturn as at 31st October 2004 showed an overspend of 175,000 against the adjusted 2004/05 Revenue Budget

 

(ii)noted that the Housing Revenue Account Project Outturn was in line with the adjusted 2004/05 Revenue Budget

 

(iii)instructed that the Depute Chief Executive (Finance) to take every reasonable action to ensure that the 2004/05 Revenue expenditure was in line with the adjusted Revenue Budget

 

(iv)instructed the Depute Chief Executive (Finance) in conjunction with all Chief Officers of the Council to continue to monitor the Councils 2004/05 Projected Revenue Outturn.

 

III CAPITAL EXPENDITURE 2004/2005

 

After considering Report No 794-2004 by the Depute Chief Executive (Finance) appraising members of the latest position regarding the Council's Capital Expenditure programme for 2004/05, the Committee noted the contents of the report.

 

IV RELIEF OF RATES - CHARITY RELIEF

 

Bailie Farquhar and Councillor Hind declared a non-financial interest in this item by virtue of being members of the Bharatiya Ashram Indian Centre.

 

Councillor Webster declared a non-financial interest in this item by virtue of being an employee of the University of Dundee.

 

Councillor Beattie declared a non-financial interest in this item by virtue of being a member of Kirkton Community Support Group Ltd.

 

Bailie Borthwick declared a non-financial interest in this item by virtue of being involved with members of Bharatiya Ashram Indian Centre.

 

There was submitted Report No 812-2004 by the Depute Chief Executive (Finance) seeking authorisation to grant charity relief on the undernoted non-domestic properties.

 

Applicant

Subjects

 

Kirkton Community Support Group Ltd

Shop (Used As) Community Lounge

4/6 Beauly Avenue

Dundee

 

Kirkton Community Support Group Ltd

Shop (Used As) Community Lounge

2 Beauly Avenue

Dundee

 

The Scottish Bluebells

Cheerleaders

 

Leisure Centre

Unit 34

Arklay Street

Dundee

 

University of Dundee

Office

Room 27

Gardyne Road

Broughty Ferry

Dundee

 

Bharatiya Ashram

Indian Centre for

Education and

Culture

Office & Meeting Rooms

Rockwell Primary Schoolhouse

20 Lawton Road

Dundee.

 

The Committee approved accordingly.

 

V CIPFA IN SCOTLAND - ANNUAL CONFERENCE

 

It was reported that the above conference would be held in Glasgow on 10th and 11th March 2005.

 

The Committee authorised the attendance of one member of the administration, one member from the SNP Group and one member from the Conservative Group, at an estimated cost excluding travel and subsistence of 475 per delegate.

 

The Convener agreed that Articles VI and VII be considered as a matter of urgency in terms of Standing Order No 17(b) in view of the timescales involved.

 

VI THE PRUDENTIAL CODE - REVIEW OF INDICATORS

 

On a reference to Article V of the minute of meeting of this Committee of 12th January, 2004 there was submitted Report No 808-2004 by the Depute Chief Executive (Finance) providing elected members with a review of the prudential indicators for 2004/05.

 

The Committee:

 

(i)approved the revised Prudential Indicators for the financial year 2004/05 which were detailed in Appendix I of the report based on latest capital monitoring position; and

 

(ii)instructed the Depute Chief Executive (Finance) to continually review the Council's level of borrowing to ensure that borrowing limits were not breached.

 

VII TREASURY MANAGEMENT ACTIVITY 2004/05 (SIX MONTHS TO 30TH SEPTEMBER 2004)

 

There was submitted Report No 788-2004 by the Depute Chief Executive (Finance) reviewing the Treasury Management Activities for the period 1st April 2004 to 30th September 2004.

 

The Committee noted the information contained therein.

 

The Committee resolved under Section 50(A)(4) of the Local Government (Scotland) 1973 that the public and press 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 7A of the Act.

 

VIII RELIEF OF NON-DOMESTIC RATES ON THE GROUNDS OF HARDSHIP (HARDSHIP RELIEF)

 

After considering Report No 818-2004 by the Depute Chief Executive (Finance) relative to the above the Committee approved the recommendations detailed therein.

 

 

 

JOE MORROW, Convener.

 

APPENDIX