Policy And Resources Committee - 09/09/2002

At a MEETING of the FINANCE COMMITTEE held at Dundee on 9th September 2002.

Present:-

COUNCILLORS

Councillor George REGAN, Convener, in the Chair.

The minute of meeting of this Committee of 19th August 2002 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 22nd August 2002, a copy of which is appended hereto, was submitted for information and record purposes.

II CAPITAL MONITORING

After considering Report No 655-2002 by the Director of Finance appraising members on the latest position regarding the Council's Capital Expenditure Programme for 2002/2003, the Committee noted the contents of the report.

III REVENUE MONITORING

There was submitted Report No 654-2002 by the Director of Finance providing the Committee with analysis of the 2002/2003 Projected Revenue Outturn as at 31st July 2002 monitored against the adjusted 2002/03 Revenue Budget.

The Committee:-

(a)noted that the overall General Fund 2002/03 Projected Revenue Outturn as at 31st July 2002 showed an underspend of 7,000 against the adjusted 2002/03 Revenue Budget;

(b)noted that the Housing Revenue Account Projected Outturn was in line with the adjusted 2002/2003 Revenue Budget;

(c)instructed the Director of Finance to take every reasonable action to ensure that the 2002/03 Revenue Expenditure was in line with the approved Revenue Budget; and

(d)instructed the Director of Finance to continue to monitor the Council's 2002/03 Projected Revenue Outturn.

IV PERFORMANCE MANAGEMENT AND PLANNING AUDIT

There was submitted Report No 664-2002 by the Director of Finance informing members of the performance of the Finance Department in relation to the Performance Management and Planning Report audited by the external auditors, Audit Scotland.

The Committee:-

(a)noted the performance of the Finance Department as outlined in the report by Audit Scotland; and

(b)agreed the actions taken as detailed in the Improvement Agenda to bring about continuous improvements to the department.

V ANTI-FRAUD AND CORRUPTION STRATEGY

There was submitted Report No 631-2002 by the Director of Finance setting out Dundee City Council's commitment to the prevention and detection of fraud.

The Committee approved the Anti-Fraud and Corruption Strategy detailed in Appendix A of the report which would overarch and complement the various guidance for the employees and Councillors of Dundee City Council which were already in place.

VI ANNUAL TREASURY MANAGEMENT ACTIVITY 2001/2002-09-05

After considering Report No 661-2002 by the Director of Finance reviewing the Treasury Management activities for the period 1st April 2001 to 31st March 2002, the Committee noted the information contained therein.

GEORGE REGAN, Convener.

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