Issue - meetings

The Borough Treasurer to provide a short presentation on the main service areas within the remit of this Committee.

Lisa Quinn, Borough Treasurer attended the meeting and gave a presentation on the main areas within the Performance and Capacity Directorate that fell within the remit of the Committee.

The main areas related to:

·        Finance service

·        Annual budget

·        Capital strategy

·        Income and funding

·        Business management

·        Audit

·        Finance

·        Financial strategy

·        Capital programme

·        Reserves strategy

·        Treasure management

·        Insurance

·        Procurement Forward plan

·        Contracts register

·        Procurement including participation in regional procurement hubs

·        Corporate contracts

·        PFI projects

·        Procurement Strategy

·        Shared services

·        Pensions

In response to a question regarding the outturn position of the 2010/2011 accounts, Lisa explained that a report would be considered by Cabinet in August.

As this Committee did not have a meeting scheduled in August, it was suggested that the outturn figures should be submitted to the first meeting of the Budget Task Group.

RESOLVED –

(a)               That the presentation be noted

(b)               That the 2010/2011 outturn report be submitted to the Budget Task Group.