Policy And Resources Committee - 09/12/2002

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

Present:-

COUNCILLORS

Councillor George REGAN, Convener, in the Chair.

The minute of meeting of this Committee of 11th November 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 20th November 2002, a copy of which is appended hereto, was submitted for information and record purposes.

II CAPITAL MONITORING

After considering Report No 846-2002 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 857-2002 by the Director of Finance providing the Committee with an analysis of the 2002/03 projected revenue outturn as at 31st October 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 31st October 2002 showed an overspend of 80,000 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

Councillor Grant declared an interest in this item.

There was submitted Report No 858-2002 by the Director of Finance seeking authorisation to grant charity relief on the undernoted non-domestic properties:-

The Committee approved accordingly.

V TREASURY MANAGEMENT ACTIVITY

There was submitted Report No 884-2002 by the Director of Finance reviewing the Treasury Management activities for the period 1st April 2002 to 30th September 2002.

The Committee noted the information contained therein.

VI DUNDEE CITY COUNCIL - ANNUAL ACCOUNTS 2001/2002

(a) AUDITED ABSTRACT OF ACCOUNTS

The above accounts were submitted and noted (Report No 834-2002).

(b) DSOS' ANNUAL REPORTS AND ACCOUNTS

The above accounts were submitted and noted (Report No 836-2002).

(c) DLO ANNUAL REPORT AND ACCOUNTS

The above accounts were submitted and noted (Report No 835-2002).

(d) EXTERNAL AUDITOR'S REPORT

The above report was submitted and noted (Report No 837-2002).

(e) EXTERNAL AUDITOR'S REPORT - RESPONSE FROM DUNDEE CITY COUNCIL

There was submitted Report No 838-2002 by the Director of Finance in response to the report by the Council's External Auditor on the audit of Dundee City Council for the year to 31st March 2002.

The Committee endorsed the report as its formal response to the External Auditor's Report and instructed the Director of Finance to arrange for the completion of the "Management Response" Section of the Action Plan appended to the External Auditor's Report.

VII ENQUIRY OFFICE, 6/7 CITY SQUARE

On a reference to Article I of the minute of meeting of this Committee of 17th June 2002 and after hearing Councillor Macpherson relative to the opening hours of the Enquiry Office at 6/7 City Square it was remitted to the Director of Finance to submit a report to a future meeting of this Committee.

GEORGE REGAN, Convener.

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