Agenda and minutes

Finance Sub Committee - Tuesday, 17th September, 2019 6.00 pm

Venue: 0.02 Chamber - Quadrant, The Silverlink North, Cobalt Business Park, North Tyneside, NE27 0BY. View directions

Items
No. Item

F9/19

Appointment of Substitute Members

To receive a report on the appointment of Substitute Members.

 

Minutes:

Pursuant to the Council’s constitution the appointment of the following substitute Member was reported: - Councillor Janet Hunter for Cllr P Richardson

F10/19

Declarations of Interest and Dispensations

You are invited to declare any registerable and/or non registerable interests in matters appearing on the agenda, and the nature of that interest.

 

You are also invited to disclose any dispensation in relation to

any registerable and/or non-registerable interests that have been

granted to you in respect of any matters appearing on the agenda.

 

Please complete the Declarations of Interests card available at the meeting and return it to the Democratic Services Officer before leaving the meeting.

Minutes:

There were no declarations of interest or dispensations reported.

F11/19

Minutes

To confirm the minutes of the meeting held on 30 July 2019.

Minutes:

 

Resolved that the minutes of the meeting held on 30 July 2019 be confirmed and signed by the Chair.

F12/19

2019/20 Financial Management Report to 31 July 2019 pdf icon PDF 19 KB

To receive budget monitoring report for the current financial year which reflects the forecast financial position as at 31 July 2019.

(This report will be considered by the Cabinet at its meeting on 9 September 2019)

 

Additional documents:

Minutes:

 

The Head of Resources presented the 2018/19 Provisional Financial Management Report to 31 May 2019 that had considered by Cabinet on 9 September 2019.

 

The report was the second monitoring report for 2019/20 and the initial forecast was that a residual gap of £5.243m was projected an improvement of £0.020m from May.

 

There were still aspects of the £10.533m 2019/20 savings programme still to be met and as a result £2.8m is included within the £5.243m overall pressure.

 

The report covered also included details of additional grants received by the authority since the budget was set. It also provided the position of the 2019/20 school budgets, planning for 2020/21, schools funding and the forecast outturn for the Housing Revenue Account as at 31 July 2019.

 

A member requested information to what care provision was provided to children not in care. An officer stated that further information would be requested from the service area to provide clarification.

 

A member questioned the chart in relation with the proportion of household reuse, recycling and composting within the report as it was thought to contradict statements within the report. An officer stated that further information would be requested from the service area to provide clarification.

 

A member requested further information to the reason for the pressure of £54k in relation to Resources and Chief Executive Office. An officer stated that further information would be requested from the service area to provide clarification.

 

With regards to the Capital Receipts Requirement – HRA a member requested to the position of the number of sales at the Highpoint development. An officer stated that further information would be requested from the service area to provide clarification.

 

AGREED that 2019/20 Financial Management Report to 31 July 2019 be noted.

F13/19

Exclusion Resolution

The Committee will be requested to pass the following resolution:

 

Resolved that under Section 100A(4) of the Local Government Act 1972 (as amended) and having applied a public interest test as defined in Part 2 of Schedule 12A of the Act, the press and public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to the Act.

Minutes:

Resolved that under Section 100A (4) of the Local Government Act 1972 (as amended) and having applied a public interest test as defined in Part 3 of Schedule 12A of the Act, the press and public be excluded from the meeting for the following items of business on the grounds that they involve the likely disclosure of exempt information as defined in Paragraph 3 of Part 1 of Schedule 12A to the Act.

F14/19

Business and Technical Partnerships Risks

To consider the attached report which details the risks rated as red contained within the Strategic and Operational Risk Registers of the Business and Technical Partnerships with ENGIE and Capita.

 

Additional documents:

Minutes:

The Sub-committee considered the report that set out the latest monitoring update on risks which were rated high within the Strategic and Operational Risk Registers of the Business and Technical Partnerships with Engie and Capita.

Members were informed of a number of direction of travel of identified risks, with associated reason and agreed actions.

 

AGREED that Business and Technical Partnership Risks report noted