Policy And Resources Committee - 11/11/2002

At a MEETING of the FINANCE COMMITTEE held at Dundee on 11th November 2002.

Present:-

COUNCILLORS

Councillor George REGAN, Convener, in the Chair.

The minute of meeting of this Committee of 21st October 2002 was held as read.

Unless marked thus * all items stand delegated.

I MINUTE OF SUPERANNUATION INVESTMENT SUB-COMMITTEE

The minute of meeting of the Superannuation Investment Sub-Committee of 23rd October 2002, a copy of which is appended hereto, was submitted for information and record purposes.

II CAPITAL MONITORING

After considering Report No. 775-2002 by the Director of Finance appraising members on the latest position regarding the Council's expenditure programme for 2002/2003 the Committee noted the contents of the report.

III REVENUE MONITORING

There was submitted Report No. 777-2002 by the Director of Finance providing the Committee with an analysis of the 2002/03 projected revenue outturn as at 30th September 2002 monitored against the adjusted 2002/03 revenue budget.

The Committee:-

(i) noted that the overall General Fund 2002/03 Projected Revenue Outturn as at 30th September 2002 showed an overspend of 39,000 against the adjusted 2002/03 Revenue Budget;

(ii) noted that the Housing Revenue Account Projected Outturn was in line with the adjusted 2002/03 Revenue Budget;

(iii) agreed that the Director of Finance would take every reasonable action to ensure that the 2002/03 Revenue expenditure was in line with the approved Revenue Budget; and

(iv) instructed the Director of Finance, in conjunction with all Chief Officers of the Council, to continue to monitor the Council?s 2002/03 Projected Revenue Outturn.

IV RELIEF OF RATES - CHARITY RELIEF

There was submitted Report No. 776-2002 by the Director of Finance seeking authorisation to grant charity relief on the undernoted non-domestic properties:-

The Committee approved accordingly.

V PROVISION OF BANKING FACILITIES

On a reference to Article VIII of the minute of meeting of this Committee of 11th October 1999 there was submitted Report No. 793-2002 by the Director of Finance appraising the Committee of the proposal to seek tenders for the Banking Services Contract.

The Committee approved the tendering of a new Banking Services Contract commencing on 1st July 2003 for three years with an option to extend for a further two years.

VI PURCHASE OF DOCUMENT IMAGING WITHIN THE PENSION SECTION

There was submitted Report No. 819-2002 by the Director of Finance.

The Committee agreed to purchase from Lynx Heywood the relevant hardware, software and maintenance of a document imaging system for the Pensions Section on the undernoted basis:-

GEORGE REGAN, Convener.

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