Agenda and minutes

Finance Sub Committee - Tuesday, 11th February, 2020 6.00 pm

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

Items
No. Item

F22/20

Appointment of Substitute Members

To receive a report on the appointment of Substitute Members.

 

Minutes:

There were no substitute members appointed.

F23/20

Declarations of Interest and Notification of any Dispensations Granted

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 interests that have been granted to you in respect of any matters appearing on the agenda.

 

You are also requested to 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 reported.

F24/20

Minutes pdf icon PDF 71 KB

To confirm the minutes of the meeting held on 2 December 2019

Minutes:

Resolved that the minutes of the meeting held on 2 December 2019 be confirmed and signed by the Chair.

F25/20

2018/19 Financial Management Report to 30 November 2019 pdf icon PDF 114 KB

To receive budget monitoring report for the current financial year which reflects the forecast financial position as at 30 November 2019.

(This report will be considered at the Cabinet meeting on 20 January 2020)

 

 

Additional documents:

Minutes:

The Sub-committee received the 2019/20 Provisional Financial Management Report to 30 November 2019 that had considered by Cabinet on 20 January 2020.

 

The fourth monitoring report indicated that the forecast for the year was a projection of a residual gap of £3.483m, which was an improvement of £1.3264m from the September 2019 position.

 

There were still aspects of the £10.533m savings programme to be met to deliver the General Fund budget approved by Council on the 21 February 2019. Meetings had taken place to consider what actions were required to manage the financial risks identified for 2019/20 and included the Authority’s Efficiency Statement and as a result £2.582m was include in the overall £3.483m 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 30 November 2019.

 

AGREED that 2019/20 Financial Management Report to 30 November 2019 be noted

F26/20

Exclusion Resolution

The Sub-Committee is 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.

F27/20

Business and Technical Partnerships Risks

To consider a report on 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.

 

It was informed that both the Business and Technical Partnership had one red risk each.

 

Agreed that the Business and Technical Partnership risks reported be noted.