Policy And Resources Committee - 13/02/2006

At a MEETING of the FINANCE COMMITTEE held at Dundee on 13th February, 2006.

Present:-

BAILIES

COUNCILLORS

Councillor Fraser MACPHERSON, Convener, in the Chair.

The minute of meeting of this Committee of 13th February 2006 was held as read.

Unless marked thus * all items stand delegated.

I RELIEF OF RATES - CHARITY RELIEF

The Lord Provost declared a non-financial interest in the University of Dundee by virtue of being the Council's representative on the University Court.

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

There was submitted Report No 131-2006 by the Depute Chief Executive (Finance) seeking authorisation to grant Charity Relief on the undernoted non-domestic property:-

The Committee approved according.

II REVENUE MONITORING

There was submitted Report No 98-2006 by the Depute Chief Executive (Finance) providing the Committee with an analysis of the 2005/2006 Projected Revenue Outturn as at 31st December, 2005 monitored against the adjusted 2005/2006 Revenue Budget.

The Committee:-

(i) noted that the overall General Fund 2005/2006 Projected Revenue Outturn as at 31st December, 2005 showed an overspend of 19,000 against the adjusted 2005/2006 Revenue Budget.

(ii) noted that the Housing Revenue Account Projected Outturn was projecting an overspend of 584,000 against the adjusted 2005/2006 Revenue Budget.

(iii) instructed the Depute Chief Executive (Finance) to take every reasonable action to ensure that the 2005/2006 Revenue expenditure was below or 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 Council's 2005/2006 Projected Revenue Outturn.

III CAPITAL MONITORING

There was submitted Report No 109-2006 by the Depute Chief Executive (Finance) appraising members of the latest position regarding the Council's Capital Expenditure Programme for 2005/2006.

The Committee noted the contents of the report.

IV INSURANCE AND RISK MANAGEMENT PROGRAMME 2006/07

There was submitted Report No 128-2006 by the Depute Chief Executive (Finance) providing an overview of the proposed insurance/self-insured risk management arrangements for the financial year 2006/07.

The Committee:-

(i) ratified the Insurance programme, self-funding and claims handling procedures for the 2006/07 financial year as detailed in the report.

(ii) noted the savings of 260,000 generated through negotiations with Insurers and by virtue of improved self-insured claims performance.

(iii) remitted to the Council's Risk and Business Continuity Manager to bring forward proposals to further integrate risk management into the strategic decision making processes of the Authority.

FRASER MACPHERSON, Convener.