Meeting documents
Finance and Best Value Overview and Scrutiny Committee
Tuesday, 19th June 2007
Venue : Committee Room 1 - Wallasey Town Hall
Index to Agendas
- DECLARATIONS OF INTEREST/PARTY WHIP
- MINUTES
- APPOINTMENT OF VICE CHAIR
- COMMITTEE WORK PROGRAMME 2007-2008
- SCRUTINY ISSUES AND COMMITTEE WORK PROGRAMME 2007/2008
- FINANCIAL MONITORING STATEMENT
- MONITORING REPORTS
- PROJECTED BUDGET 2008-2011
- RESTRUCTURE OF THE PROCURE TO PAY SERVICE
- COMPREHENSIVE PERFORMANCE ASSESSMENT USE OF RESOURCES ACTION PLAN PROGRESS
- FINANCIAL MONITORING SUMMARY
- CAPITAL MONITORING SUMMARY
- SERVICE RE-ENGINEERING SUMMARY
- MEMBERS TRAINING
- ANY OTHER URGENT BUSINESS APPROVED BY THE CHAIR
Item 1 - DECLARATIONS OF INTEREST/PARTY WHIP
Summary:
Members are asked to consider whether they have personal or prejudicial interests in connection with any item(s) on this agenda and, if so, to declare them and state what they are.
Members are reminded that they should also declare, pursuant to paragraph 18 of the Overview and Scrutiny Procedure Rules, whether they are subject to a party whip in connection with any item(s) to be considered and, if so, to declare it and state the nature of the whipping arrangement.
Item 2 - MINUTES
Summary:
To receive the minutes of the meeting held on 4 April 2007, which were received or approved by the Council.
Item 3 - APPOINTMENT OF VICE CHAIR
Summary:
The Committee is requested to give consideration to the appointment of a Vice-Chair.
Item 4 - COMMITTEE WORK PROGRAMME 2007-2008
Summary:
The views of the Committee are requested concerning topics to be included in this year's scrutiny programme.
Attachments: (click on an attachment to view it)
Item 5 - SCRUTINY ISSUES AND COMMITTEE WORK PROGRAMME 2007/2008
Summary:
This report outlines the major issues affecting the Finance Department in 2007-2008 which are within the remit of this Committee. It has been prepared in order to provide Members with an indication of those areas which may be of concern for the scrutiny function.
Recommendation:
That Members consider which, if any, of the above issues should be scrutinised by this Committee.
Attachments: (click on an attachment to view it)
Item 6 - FINANCIAL MONITORING STATEMENT
Summary:
This report provides a summary in tabular format of the current position of the Authority revenue accounts and General Fund balances. Further details can be found in the financial monitoring summary and service re-engineering summary reports elsewhere on this agenda.
Recommendation:
(1) That the contents of the financial monitoring statement be noted.
(2) That a further update be submitted to the next meeting of this Committee.
Attachments: (click on an attachment to view it)
Item 7 - MONITORING REPORTS
Summary:
In an effort to simplify the presentation of the monitoring reports to Overview and Scrutiny Committees, they are all being presented together as appendices to one report.
Recommendation:
That the report be noted.
Attachments: (click on an attachment to view it)
- Report of the Director of Finance
- Appendix A - General Financial Matters
- Appendix B - Financial Monitoring - Finance Department
- Appendix C - Financial Monitoring - Treasury Management
- Appendix D - Insurance and Risk Management
- Appendix E - Performance Monitoring - Finance Department
Item 8 - PROJECTED BUDGET 2008-2011
Summary:
This report updates the projected budgets for 2008-2011 to coincide with the period of the Comprehensive Spending Review 2007 (CSR). The Department for Communities and Local Government (DCLG) has stated that, following the CSR, the Local Government Finance Settlement will cover the period from 2008 to 2011 and that Local Authorities will be expected to budget on a three year basis.
Recommendation:
(1) That the projected budget for 2008 to 2011 be updated and reported regularly to the Cabinet.
(2) That the projected budget be incorporated into the Medium Term Financial Strategy for 2008-2011.
Attachments: (click on an attachment to view it)
Item 9 - RESTRUCTURE OF THE PROCURE TO PAY SERVICE
Summary:
This report informs the Committee of the Executive Board decision on 12 April 2007 to approve the review of the procurement and payments services to enable better working practices, achieve savings and facilitate the delivery of a key element of the three year efficiency plan.
Recommendation:
(1) That the revised structure of the P2P Section be noted.
(2) That the detailed staffing proposals be reported to the Employment and Appointments Committee.
Attachments: (click on an attachment to view it)
Item 10 - COMPREHENSIVE PERFORMANCE ASSESSMENT USE OF RESOURCES ACTION PLAN PROGRESS
Summary:
This report provides an update on progress achieved against the Use of Resources (UoR) action plan. This will be assessed in the forthcoming Use of Resources inspection to be undertaken by the Audit Commission and which forms part of the Comprehensive Performance Assessment (CPA).
Recommendation:
That the progress in delivering the Use of Resources Action Plan be noted.
Attachments: (click on an attachment to view it)
Item 11 - FINANCIAL MONITORING SUMMARY
Summary:
This is one of a series of reports submitted throughout the year presenting an overview of the financial performance of the Council. This report details the key variations for this financial year and provides a summary of the overall implications for the General Fund.
Recommendation:
That the report be noted.
Attachments: (click on an attachment to view it)
Item 12 - CAPITAL MONITORING SUMMARY
Summary:
This report provides Members with an update on the progress being made in delivering the agreed capital programme.
Recommendation:
That the report be noted.
Attachments: (click on an attachment to view it)
Item 13 - SERVICE RE-ENGINEERING SUMMARY
Summary:
This report provides Members with an update on the progress being made in achieving the service re-engineering savings contained within the budget for 2007/2008. Also included are details on the use of the service re-engineering reinvestment budget for 2007/2008.
Recommendation:
That the report be noted.
Attachments: (click on an attachment to view it)
Item 14 - MEMBERS TRAINING
Summary:
Members have now agreed two dates for the Finance Training course, 26 June 2007 and 18 July 2007, and the proposed coverage of the course is outlined in this report.
Recommendation:
Members are requested to make every effort to attend this course.
Attachments: (click on an attachment to view it)
Item 15 - ANY OTHER URGENT BUSINESS APPROVED BY THE CHAIR
Agenda Published: 6 June 2007