Finance Committee – Monday 18th March 2019 – 6.30pm
- APOLOGIES FOR ABSENCE
Members must provide apologies to the Town Clerk before 5.00pm on the day of the meeting, together with reasons for their absence.
- DECLARATIONS OF INTEREST
Members to declare any interest under the following categories:
- Disclosable Pecuniary Interest
- Outside Bodies Interest
- Family, Friend or Close Associate Interest
- MINUTES – To sign as a correct record, the Minutes of the meeting of the Finance Committee held on 18th February 2019 (‘A’)
- ARISING – any points of clarification from the above minutes.
- ACCOUNTS FOR APPROVAL
Schedule ‘B’ lists payments made since the last meeting (no attachment)
Schedule ‘C’ lists accounts for approval at this meeting
Schedule ‘D’ lists supplementary accounts for approval (to follow)
- BANK ACCOUNT MONTHLY RECONCILIATION STATEMENTS
Financial probity recommends monthly reconciliation of the Town Council’s accounts. (‘E’)
- INTERIM AUDIT
For Members to note the findings of the interim audit which took place on 5th February 2019. (‘F’)
- TRANSFER FROM REVENUE TO CAPITAL
Members will note that a number of transactions during the 2018/19 financial year related to capital items.
These items were: –
2107 Damp course work on Guildhall £13,030.00 (net)
2187 Damp course work on Guildhall £640.00 (net)
2260 Replacement slide (George VI) £1,400.00 (net)
2416 Memorial WW1 Benches £1,640.00 (net)
2430 Christmas Lights Timers £4,896.50 (net)
Invoices for these items were met from the revenue account for ease of reclaiming VAT but the total net amount should now be reimbursed to the revenue account from capital.
Members asked to approve the transfer of the total net sum of £21,606.50 from capital to the Council’s revenue account
- GRANTS SUB-COMMITTEE
For Members to consider the attached minutes from the Grants Sub-Committee meeting held on 13th March 2019. The minutes are attached for ratification. (‘G’ – to follow)
- EXCLUSION OF PRESS AND PUBLIC
Due to their confidential nature, Members may decide to exclude the press and public from the meeting during consideration of the following matters in accordance with Section 1 (2) of the Public Bodies (Admission to Meetings) Act 1960. Reports relating to these items have been withheld from public circulation and deposit.
- INSURANCE CLAIMS
The Clerk will provide a verbal update to Members on the latest insurance position.
- FEES AND CHARGES
Members will receive a verbal report from the Clerk.
|Finance Committee Agenda 18.3.19||Thu, 14th March 2019 6:12pm||Download|
|Attachment 'A' Finance Committee Minutes 18.2.19||Thu, 14th March 2019 6:12pm||Download|
|Attachment 'C' Schedule of Payments||Thu, 14th March 2019 6:13pm||Download|
|Attachment 'E' Bank Reconciliation Reports||Thu, 14th March 2019 6:13pm||Download|
|Attachment 'F' Interim Audit Report||Thu, 14th March 2019 6:14pm||Download|
|Attachment D Supplementary Schedule of Payments||Mon, 18th March 2019 5:27pm||Download|
|Attachment G Grants Sub-Committee Minutes 13.3.19||Mon, 18th March 2019 5:28pm||Download|
18th March 2019