Agenda and minutes

There were no declarations of interest.

There were no petitions or requests to address the meeting.

There were no items of urgent business.

To confirm as a correct record the Minutes of the meeting of the Committee held on 22 November 2017.

The Minutes of the meeting of the Committee held on 22 November 2017 were agreed as a correct record and signed by the Chairman.

To receive communications from the Chairman.

There were no Chairman’s announcements.

** Please note Appendix 1 is to follow as it is currently being reviewed and

finalised**

Report of the Chief Finance Officer

Purpose of report

To submit the draft Treasury Management Strategy Statement for 2018-19.

Recommendations

The meeting is recommended:

1.1       To note and comment on the draft Treasury Management Strategy Statement for 2018-19.

The Chief Finance Officer submitted a report which presented the draft Treasury Management Strategy Statement for 2018-19.

Resolved

(1)          That the draft Treasury Management Strategy Statement for 2018-19 be noted.

Report of the Chief Finance Officer

Purpose of report

To receive information on treasury management performance and compliance with treasury management policy for 2017-18 as required by the Treasury Management Code of Practice. 

This report would normally be presented in November, but was postponed to a later date. 

The Council’s 2017-18 Treasury Management Strategy was revised in December 2017 so future reports will correspond to the new strategy, but this report corresponds to the original strategy that was in place at 30 September 2017.   

Recommendations

The meeting is recommended:

1.1         To note the contents of the mid-year Treasury Management Report.

The Chief Finance Officer submitted a report which presented information on treasury management performance and compliance with treasury management policy for 2017-18 as required by the Treasury Management Code of Practice. 

The Committee was advised that the Council’s 2017-18 Treasury Management Strategy had been revised in December 2017 so future reports will correspond to the new strategy, but this report corresponded to the original strategy that was in place at 30 September 2017.   

Resolved

(1)          That the contents of the mid-year Treasury Management Report be noted.

Executive Director of Finance & Governance

Purpose of report 

1.1       The purpose of the report is to brief the Committee on the work carried out by the Internal Audit Service during the current financial year 2017/18.

Recommendations

2.1       To note the contents of the Internal Audit progress report (Appendix 1);

2.2       To note and comment upon the actions set out in paragraph 4 to address control weaknesses identified by internal audit.

The Executive Director of Finance & Governance submitted a report to brief the Committee on the work carried out by the Internal Audit Service during the current financial year 2017/18.

Resolved

(1)          That the contents of the Internal Audit progress report be noted.

(2)          That the actions to address control weaknesses identified by internal audit be noted.

** Please note Statement of Accounts and External Audit Update is to follow as it is currently being reviewed and finalised**

The Executive Director – Finance and Governance submitted a report to provide a progress update on the Statement of Accounts 2016/17 and external audit of the Accounts.

Resolved

(1)          That the progress on finalising the Statement of Accounts for 2016/17 and on the external audit of the Statement of Accounts be noted.

Report of Director - Strategy and Commissioning

Purpose of report  

To update the Committee on the management of Strategic risks during quarter two of 2017/18.

Recommendations

The meeting is recommended to:

1.1       Review the full Strategic Risk Register for 2017/18 and identify any issues for further consideration or referral to Executive.

1.2       Note the risk exceptions highlighted

The Director - Strategy and Commissioning submitted a report to update the Committee on the management of Strategic risks during quarter two of 2017/18.

Resolved

(1)          That, having given due consideration, the full Strategic Risk Register for 2017/18 be noted and no issues be identified for further consideration or referral to Executive.

(2)          That the risk exceptions highlighted be noted.

To consider and review the Work Programme.

The Committee considered its work programme.

Resolved

(1)       That the work programme be noted.