Policy And Resources Committee - 12/11/2001

At a MEETING of the FINANCE COMMITTEE held at Dundee on 12th November 2001.

Present:-

COUNCILLORS

Councillor George REGAN, Convener, in the Chair.

The minute of meeting of this Committee of 15th October 2001 was held as read.

Unless marked thus * all items stand delegated.

I CAPITAL MONITORING

After considering Report No 690-2001 by the Director of Finance appraising members of the latest position regarding the Council's Capital Expenditure Programme for 2001/2002, the Committee noted the contents of the report.

II REVENUE MONITORING

There was submitted Report No 697-2001 by the Director of Finance providing members with an analysis of the 2001/2002 Projected Revenue Outturn as at 30th September 2001 monitored against the adjusted 2001/2002 Revenue Budget.

The Committee:-

(i)noted that the overall General Fund 2001/02 Projected Revenue Outturn as at 30th September 2001 showed an overspend of 1,302,000 against the adjusted 2001/2002 Revenue Budget;

(ii)noted that the Housing Revenue Account Projected Outturn was in line with the approved 2001/2002 Final Revenue Budget;

(iii)instructed the Director of Finance to take every reasonable action to eliminate the projected overspend referred to in (i) above; and

(iv)instructed the Director of Finance, in conjunction with all Chief Officers of the Council, to continue to monitor the Council's 2001/2002 Projected Revenue Outturn.

III RELIEF OF RATES - CHARITY RELIEF

There was submitted Report No 691-2001 by the Director of Finance seeking authorisation to grant charity relief on the undernoted non-domestic property.

The Committee approved accordingly.

The Convener agreed that the undernoted item be considered as a matter of urgency in terms of Standing Order No 52(3)(b) in view of the timescales involved.

IV OPERATING LEASE ADVISORS

The Committee, on the recommendation of the Director of Finance, approved the appointment of Unilink Finance Limited as the Council's advisors in respect of the initiation and management of operating leases for an initial period of one year.

GEORGE REGAN, Convener.