Policy And Resources Committee - 12/03/2001

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

 

Present:-

 

COUNCILLORS

 

Lord Provost Helen WRIGHT

Joe FITZPATRICK

C D P FARQUHAR

George de GERNIER

Allan PETRIE

Iain M LUKE

John R LETFORD

George REGAN

Jim BARRIE

Betty WARD

Bruce D MACKIE

Julia M STURROCK

Jill SHIMI

Roderick A J WALLACE

Neil GLEN

Robin PRESSWOOD

Kenneth J N GUILD

Elizabeth F FORDYCE

Richard BEATTIE

Derek J SCOTT

Fiona M GRANT

Andrew DAWSON

John CORRIGAN

David BOWES

Willie W SAWERS

Dave BEATTIE

Mervyn J ROLFE

 

 

Councillor George Regan, Convener, in the Chair.

 

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

 

Unless marked thus * all items stand delegated.

 

I SUPERANNUATION INVESTMENT SUB-COMMITTEE

 

The minute of meeting of the Superannuation Investment Sub-Committee of 21st February, 2001, a copy of which is appended hereto, was submitted for information and record purposes.

 

II RELIEF OF RATES - CHARITY RELIEF

 

There was submitted Report No 139-2001 by the Director of Finance seeking authorisation to grant charity relief on the undernoted non-domestic property.

 

APPLICANT

SUBJECTS

 

 

Moonbeams Children's Cancer Charity

 

Shop, 179 Albert Street, Dundee

 

 

The Committee approved accordingly.

 

III CAPITAL MONITORING 2000/2001

 

After considering Report No 140-2001 by the Director of Finance appraising members of the latest position regarding the Council's Capital Expenditure Programme for 2000/2001, the Committee noted the contents of the report.

 

IV REVENUE MONITORING

 

There was submitted Report No 144-2001 by the Director of Finance providing members with an analysis of the 2000/2001 Projected Revenue Outturn as at 31st January, 2001 monitored against the adjusted 2000/2001 Revenue Budget.

The Committee instructed the Director of Finance in conjunction with all Chief Officers of the Council to continue to monitor the Council's 2000/2001 Project Revenue Outturn and to use his best endeavours to ensure that the final outturn for the financial year was as close to the approved Revenue Budget as possible.

 

In addition, the Committee noted that the overall General Fund 2000/2001 Projected Revenue Outturn as at 31st January, 2001, showed an overspend of 263,000 against the adjusted 2000/2001 Revenue Budget and that the Housing Revenue Account projected a 2000/2001 spend in line with budget.

 

V COUNCIL TAX PAYMENTS TO DUNDEE CITY COUNCIL BY CREDIT/DEBIT CARD BY PHONE

 

On a reference to Article V of the minute of meeting of this Committee of 12th June, 2000 and after considering Report No 153-2001 by the Director of Finance, the Committee agreed to enter into a further agreement with MGT Ltd to operate a payment by phone service from now until 31st March, 2002 it being noted that the cost in any financial year would depend on the take-up level of service but was expected to be in order of 25,000 per annum.

 

VI TREASURY MANAGEMENT STRATEGY 2001/2002

 

With reference to Article VI of the minute of meeting of this Committee of 13th March, 2000, there was submitted Report No 152-2001 by the Director of Finance introducing the Dundee City Council Treasury Management Strategy for 2001/2002.

 

The Committee -

 

(1) noted that in terms of the Treasury Policy Statement, the Director of Finance was obliged to present the Annual Treasury Management Strategy at the start of each financial year; and

 

(2) approved the strategy proposed by the Director of Finance for 2001/2002 as set out in the document "Treasury Management Strategy 2001/2002".

 

VII ELECTED MEMBERS' TELEPHONE EXPENSES

 

The Committee agreed that allowances for telephone expenses be revised by 1.8% in line with inflation bringing in a revised allowance for 2001/2002 to 293, it being noted that members can only claim a telephone allowance if they had a telephone in their home which was accessible by the public and therefore an ex-directory number did not satisfy this requirement.

 

 

 

 

GEORGE REGAN, Convener.